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Re: 2morrowsGains post# 104567

Thursday, 05/11/2023 10:07:11 AM

Thursday, May 11, 2023 10:07:11 AM

Post# of 129864
PCTI .. qtr was solid, outlook underwhelming ... but did you notice this...looks like they spent just under $600,000 in the March quarter towards strategic alternatives.. I don't recall them mentioning anything about that before. Maybe they are getting a valuation, and looking at the possibly selling themselves. Obviously a big 'maybe'.... or looking at a prospective acquisition, but seems like a lot for that in one quarter.

From the pr, in the "Reconcilliation of gaap to non-gaap":

'Transaction expenses related to strategic alternatives $563,000'

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