RE:RE:re- Q1 resultslongkk wrote: They need to convert their current pipeline while also increasing their future sales pipeline in order to drive sustained revenue growth on top of the profitability improvements they've already made on the cost side.
Executing on both those sales pipeline priorities is what's now necessary to shift the negative sentiment in my opinion.
Overall they are headed in the right direction in my mind, I really liked what Ian had to say on the conference call....
"We continue to drive toward our goal of positive Adjusted EBITDA this year, which also requires us to refill our sales pipeline. We have significant sales activities ongoing and look to convert them into purchase orders as soon as possible. With respect to our collaborative agreement with ZEG Biogs in Brazil announced a year ago, we started to recognize royalty revenue this quarter, which will help improve our overall business and margin profile and further strengthen our brand presence in Brazil"
I think we are a year out from the stock increasing back to 1 dollar, once the interest rates drop back down to 2-3 percent in the next few months ( m oney will flow back into small caps), new contracts are signed and increased sales/profits from Brazil are reported, GRN stock price will rebound. Great time to buy really, at 7 to 8 cents a share, will be buying more today:)