Post by retiredcfon Nov 17, 2024 8:17am
134 Views
Post# 36316974
Earnings Assessment
Earnings AssessmentEPS of ($0.014) beat estimates of ($0.016) and sales of $15.681M beat estimates of $15.11M. Sales increased 14% year-over-year and its Utility Software Applications and services segment sales of $6.0M represented 38% of total sales. ARR grew 11%, its gross profit margins were 56%, an increase from 53% for the same period in the prior year. Its net loss narrowed from the previous year, and overall the market was pleased with the results. It is a small name ($89M market cap), but GRID is beginning to look interesting. (5iResearch)