RE:Q3 is out and it’s not great. I am starting to get tired of this "oh look how much business we are winning and growing " but in reality, 2 big misses in a row and both times they state that they expect to recoup the lower amounts in future quarters.. If i recall, I believe the Ceo said that we will see an increase spend in the 3rd and 4th quarter because there was a decrease in the beginning half of the year and they expected it to come in the 3r and 4th.. and still had this big miss? didn't we just win a bunch of business? are we not expanding ASMBL? What am i missing?
WHat is puzzling as well is not only did they reduce their footprint, but that lower margin business they "purposfully" exited would naturally be a higher margin!? so, why are we exiting business when we are also not growing? I can see if we are growing at a decent rate to exit really low margin business but it just seems strange..
What also is weird is no mention of yoy or qoq growth in digital.. i assume its not good or they would state that.. don't they have a 60% yoy target?
i don't know wether to believe them again that this is a one off or maybe they are just really not executing the strategy. I have so many more questions.. like what is going on here...