Q1 B/E PointTook some heat for not recognizing the YTD performance of the share price when I posted the results of my 2023 reviews that received 1.5 star or less ratings. While true that it is up 40% from its 40 cent lows YTD and now flat since their Q1 drop - there are so many signs this is still very overvalued.
What are bulls excited about here exactly? Razon thin margins and operational spending amounting to $1.37 for every dollar earned in revenue. While they did nearly $3.5M in the quarter, their break even point on this margin and expense performance is
$22M. For the
QUARTER. Not sure how this p*ss poor performance garners trading at 7x revenue multiple (extrapolating Q1).
Not to mention all the other tangible issues and drama this stock is involved in.