3Q22 Results: Revenue Jumps 124.5% Y/Y; Gross Margin Declines by 12.1% Y/Y; Production Ramped Up to Satisfy Growing Demand
|52 Week Range||$0.40-$1.20|
|Avg. Daily Vol. (30 day)||96,095|
|Shares Out (MM)||146.81|
|Market Cap (MM)||$113.82|
|Enterprise Value ($MM)||$126.11|
|Revenue TTM (MM)||$14.0|
|Fiscal Year End||September|
• Revenue jumped by 124.5% Y/Y to $4.3 million, compared with $1.9 million in 3Q21. June contributed to more than 50% of the revenue for the quarter as the company successfully ramped up production and effectively addressed the supply chain constraints that affected sales in April and May. Complete results can be accessed here.
Water Tower Research (“WTR”) is a professional publisher of investment research reports on public companies and, to a lesser extent, private firms (“the Companies”). WTR provides investor-focused content and digital distribution strategies designed to help companies communicate with investors.
WTR is not a registered investment adviser or a broker/dealer nor does WTR provide investment banking services. WTR operates as an exempt investment adviser under the so called “publishers’ exemption” from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940. WTR does not provide investment ratings / recommendations or price targets on the companies it reports on. Readers are advised that the research reports are published and provided solely for informational purposes and should not be construed as an offer to sell or the solicitation of an offer to buy securities or the rendering of investment advice. The information p...