Post by
retiredcf on Nov 14, 2023 8:10am
Found This
VHI delivered Q3 earnings in line with analyst estimates at $0.04 per share. Total revenue beat analysts’ estimates of $12.9M, coming in at $13.2M displaying a +35.21% year-over-year jump. Net income was $2.8M representing a significant increase from this time last year when it was just above $40K. Adjusted EBITDA was $3.4M increasing $2.2M from last year. Cash was up nearly $7M from the previous quarter at $29.8M and approximately $17.5M higher than at the end of FY2022. VHI reached its 52-week high on November 10th, following the strong results in Q3, while analysts forecast earnings to grow nearly 1.4x in FY2024. It still has $30M cash, and consensus calls for EPS to double next year. It was a solid quarter and momentum looks good here. (5iResearch)