RE:79% upside according to Raymond James In other words, small tuckin's, cash burn and more debt, in a rising interest ratre enviroment. Yup, pretty exciting....
"Sarugaser said Quipt’s cash situation at $3.7 million appears to be thin but that the company has more than $30 million of undrawn credit available and is operating at a relatively conservative 1.96x net leverage ratio, which gives the company operational flexibility and potential capacity for smaller acquisitions.
“We do anticipate QIPT focusing on integration during 1H23, but understand that management has a series of small tuck-in to ‘beefy’ scale transactions in the hopper, likely precipitating in 2H23 or early FY24,” he said."