ExpectationsLet’s face it, Q1 was pretty soft and I expect the same from Q2. May see a little improvement near the end of Q2 but that last Covid wave slowed everything down. Traditionally, Q3 and Q4 are much stronger for this company, so good timing here as things open up.
Open to discussion here but I am expecting Revenue for the fiscal year of 16 million, Gross profit of 8 million, and a net income of just under a million. Would like to see a big contract announcement and boost those numbers up.
But for now that gives me a target price of $0.68. Once expected revenue nears 20 million again we should see a little multiple expansion as well which will bump up that target price.
Might get a surprise but as I mentioned above, not expecting much from Q2. Looking forward to second part of the year and beyond.
GLTA