Post by PressRelease on Jun 03, 2024 7:30am
New Press Release - Evome Medical Technologies Announces Update Call with CEO Mike Seckler for Tuesday, June 4, 2024; Provides Update on Strong Q2
Comment by
IceDog13 on Jun 04, 2024 5:36pm
That call was short and sweet. Didn't say much that wasn't in the press release. To bad they didn't take any questions.
Comment by
snootchybootchy on Jun 05, 2024 5:16pm
All my microcap stocks moved up today, and my microcaps with any sort of debt made HUGE moves up today. But EVMT stayed put. This is what happens when a new, unknown CEO fails to deliver what he promised (cutting costs). I think he can still turn this ship around but clearly the market is taking a wait and see approach now.
Comment by
subaru1 on Jun 06, 2024 9:55am
You are absolutly right, missing the boat, i don't know what was the idea for this update call, we didn't learn anything new and it was done for specialist in accounting, not clear at all, anyway the market is speaking down we go and it is a 3 years low, how a CEO can be happy of it, by the way he sound like a one man show.
Comment by
taylorsimms86 on Jun 06, 2024 3:53pm
The costs were associated to divesture of first asset and the re-jigging of the Biodex facility. Those are both one time items and not ongoing
Comment by
snootchybootchy on Jun 06, 2024 4:48pm
I understand expenses can be incurred during a divestiture process but the revenue from a divestiture typically outweighs these costs. Maybe this cannot be blamed solely on the new CEO as these assets were acquired before his tenure but he was the one who promised shareholders he would cut costs and the level of expenses (in relation to revenues) in the latest fnancials was really unexpected.
Comment by
Trekkie on Jun 07, 2024 9:12am
Rising age population means that the rehab space will be huge. Medical equipment is always needed. It will always be in large demand. Biodex rehab equipment is well known and well produced.The Ceo has focussed on this part of the business which is smart. This has a lot of potential for upside and they are increasing sales. They will pay debt down and focus on more growth.
Comment by
Trekkie on Jun 07, 2024 5:18pm
Q1 wasn't only affected by the divestiture. It was also affected becuse they had to retool their product facility in January in order for stronger growth for the future.