RE:Finacialsvery strong buy
Gross margins up to 29% vs 26% end of FY22
speciality semi up $13.7M in Q4 $34M in FY23
record $38M EBITDA $15M net earning
FY24 EBITDA could easily blow past $50M with $23M net earnings.
further disruption in china supply via war spending or asia supply chain lag further increases late FY24 / FY25 numbers
Leading speciality semi compound supplier outside of China.
with capacity expansion coming online FY24 ... this is a manufacturing gem in NA supply chain ... rerate very possible
2.6M shares short ! PT of $7 easily possible in next 2 months.
glta