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larrybaz

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larrybaz

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Re: None

Tuesday, 02/13/2024 10:37:32 AM

Tuesday, February 13, 2024 10:37:32 AM

Post# of 113728
NTWK - Picked some up in the $2.50s. Seems like things are finally turning around for them. Tangible book value over $2 a share. Strong balance sheet. Reported earnings this morning, and future looks bright according to the CEO:

[quote“We are very pleased with our second quarter results and continue to strategically invest and allocate capital to further expand our presence across key, high growth markets like North America. Given our recent results and trajectory, we expect to see strong double digit organic revenue growth and improved margins throughout the second half of fiscal 2024 as we move into a period of more sustainable profitability.”
][/quote]

Full release:

https://www.globenewswire.com/news-release/2024/02/13/2828249/15855/en/NETSOL-Technologies-Reports-23-Revenue-Growth-and-EPS-of-0-04-in-Fiscal-Second-Quarter-2024.html

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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