REKR pre-announced revenue up 50%! In advance of the year end actual results being issued on March 31st.
50% was not good enough. The stock fell 8% on the news.
Itiris collapsed to a new 52 week low as markets now understand how below market expectations these pre-announced results are. Markets priced in results much higher than 50% YoY growth.
Why doesn't Quarterhill pre announce the quarterly results? Oh yeah, the auditors couldn't even finish the job on time.
Wake up people. Wake up! Save your money!
Sell low, buy back lower!!!