May. 7 at 9:12 PM
$OM overall, the results and the call were inline with my expectations. As mentioned previously, the third quarter is key. The pipeline sounds robust, but they need to close those deals. Guidance was affirmed, which is good despite the “lumpiness “ of the capital sales. The biggest positive news is the
$12 mn usage of cash in Q1 , which is lower than expected and the forecast of using less than
$40 mn in cash for the whole year. They currently have
$161 mn of cash which is a bit under 200% of the current market cap!!!and the debt is about
$97 mn and is due in 2030.