Would appreciate your view of their latest quarterly. Am in for long term, 5 years plus, but currently underwater by 15%. Appropriate to increase holding or hold tight??
For the first quarter, NBLY reported same-store sales growth of 1.8%. Revenue increased 34% year-over-year to $114.4 million, missing estimates of $115.2 million. The growth was driven by acquisitions of pharmacies over the past year. NBLY reported a narrower net loss of $743,000 or $0.03 per share vs a net loss of $76.9 million or $7.50 per share in the first quarter of 2021. Adjusted EPS of $0.09 came in ahead of $0.07 reported a year ago, beating estimates of $0.03. The quarter reported showed margin pressures were evident due to labour issues. NBLY is seeing headwinds with the labour situation and we might give the negative momentum time to settle in if/before adding but don't think much changes here longer-term. (5iResearch)