Here is a company that has languished over the past 6 Q’s with a total increase in sales over that period of $2.1 million. QoQ sales finally showed a bit of a bump of 24%.

Gross Margin both down as $% of sales to all time low of 25% and in absolute $’s to a 6Q low of $1.2 million. Opex climbing 18% QoQ to 111% of sales or $5.1 million.

This results in EBITDA doubling to the negative from -$1.3 to -$2.7 million QoQ.

Which leads to Breakeven Q sales on +NOP and + EBITDA basis increasing to 155% and 150%, respectively.

And here is combined SGA SBC as % of Sales.

GoBlue

The writer does not hold a position in this company.