Interesting Earnings AnalysisEPS of $0.24 beat estimates of $0.04, and revenue increased 41% year-over-year to $26.2M for the quarter. The majority of this revenue growth is attributable to acquisitions, whereas 7% is due to organic growth. The company reported a net profit margin of 24%, marking the highest profit margin since late 2019, and this was largely due to a change in the fair value of warrants. Revenue growth has been solid, debt levels remain low, liquidity is good, and it generates positive cash flows. Shareholders should be happy with these results.
So said 5iResearch who it should be noted, have never been fans of PHM/PTQ. But they are big believers in net profit margins which might explain this significant change of opinion. GLTA