Covalon Technologies Ltd CVALF

Interim CFO and operational status

[Gulliver1909]

Timely reaction. I think they found a very good interim CFO within a short period of time (3 weeks).

Buys them time to find a very good new CFO.

I am really curious abouth the first quarter and current operational status.

Fourth quarter of 2021 was impressive with a 1 million $ net profit. IF they can repeat that in the current year would lead to  4 million $ net profit per your or a price sales ratio of less than 10 (in regard of the cash position).

Quite a steal.

However I do not know if COVID did again put pressure on the operating results again - media talking aobut overcrowed hospitals again in the US due to the Omicron variant.

[Gulliver1909]

"if they can repeat that in the current year would lead to 4 million $ net profit per year or a price sales ratio of less than 10 (in regard of the cash position)." => of course I am talking about price-earnings-ratio. not price sales. price sales is more like a 1.x ratio..... dirty cheap for a profitable, growing medtech company. By the way Linkedin indicates that Covalon