Hello,
2020 EPS: -$172
2021 EPS: -$11,7
2022 EPS: -$8,22
2023 EPS: -$2,10
Net income went from -$4,6M in 2020 to -$400k in 2023.
They have debt expiring in 2026 but are working with the bank to push them further for later payment. Not sure what kind of a deal that might lead to and I have no idea how these kinds of debt negotiations go, anyone know what might be the outcome? Just higher rates on the debt but later expiry date? Surely they are taking into account the improving financials?
I'm interested in buying a small amount since it looks like these guys might be able to turn the ship around and become profitable sometime 2025 or even this year. Common sentiment is bound to be overly negative because of meme status and the financial ruin this company sits in.
Thanks.
