Another View QUIS reported a solid quarter with great growth on top line of 76%, driven by both acquisitions from last year and organic growth. Growth is good across segments. Gross margin improved to 41.6% as of recent quarter (Q3-2021, 39%). Debt is fairly high, but growth is there. We would like to see less debt or more cash flow, but this should come with time.
However, the risk of potential dilution should be considered. As in the past, the company has a history of issuing shares to do acquisitions.
Revenue is expected to more than double next year, and it should get close to break-even levels. There is small cap risk here, but it is getting more interesting for higher risk investors. (5iResearch)