No doubt if the fins are accurate, this is highly undervalued.
But even though they again posted a net profit - a rarity in the OTC world, the net profit from XA dropped from $488k in Q2 to $104k in Q3, while the revenues dropped from almost $1m to just over $300k. That's a huge drop. The litigation check of $148k each quarter is nice, but 2/3 of that is chewed away by CMGO expenses, so XA performance is vital.
'Bumpy' results cause bumpy stock prices, as investors prefer something that is more predictable.
Cash on hand went up from $409k to $501k, which is great - especially given the downturn in XA revs. However, while the company repurchased another 2 million shares, that was only $22,575 worth!
WHY ON EARTH is CMGO not repurchasing far more stock at these prices when they have over half a million in cash? Do they know something we don't know, or are they just stupid?
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