Q2 Finiancials: ObservationsA couple quick observations from the financials released last week - although the actual numbers arent as important as the trajectories for now.
Sales were essentially flat year over year. The good news is that they already have sales commitments that exceed last year and they deferred some invoicing into Q3 for a few customers. This means we should have a record Q3 and 2022 for revenue.
Althought sales were flat the gross margins actually improved significantly. They went from mid 30% to upper 40% and I think I even saw a 50% in there. Impressive if they can keep that margin profile on improved revenues.
Lastly, there are a few warrants, options and RSU's that have been part of previous capital raises, employee incentives and compensation packages. The good news is that the large majority of these have a strike price above .30 and some are above .40
All in all a great time to accumulate with everything the company has in the pipeline.