There is no way… ...to paint Q4 as a positive.
Sales YoY down, margin down, etc.
New capacity and orders in progress are not reflected unfortunately.
The best thing they can do is to release Q1 ASAP ( assuming a post year-end uptick for the Qtr ending Dec 2022)
and or announce any significant orders/ contracts ( eg QAPs, STD, provincial Govts for VTMs, etc ). If last year is a guide q1 will be released in early Feb.
Calendar Q1 2023 is likely to be tough on the overall markets, so that won't help things in the near term.
Overall, the direction for 2023 is likely to be up , but from what base?
Stingily acquiring on weakness.
MM