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Re: Mo Money Mo Money Mo post# 171861

Tuesday, 06/18/2024 1:54:20 PM

Tuesday, June 18, 2024 1:54:20 PM

Post# of 172426
New eyes on RNVA - eyes of quality investors who care about the fundamentals. 2024 earnings will easily reach $10-12 million without Myrtle on the books. Myrtle should do $2-3 million in earnings. Earnings have all gone into debt reduction and corporate equity buybacks.

Quality investors who do their DD going back to 2022 will understand those to be reliable minimum estimates for 2024. The Q3 2023 bottom line was a bit deceptive in that Myrtle numbers were all startup ahead of revenue. $3.7 million earnings in Q4 reflect a cost/revenue ratio coming back in line as Myrtle approached breakeven.
Bullish
Bullish
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