Seac personally I find puff Pr pieces ahead of an earnings report to be a big red flag. That was definitely the case here. What’s funny is they were doing investor presentations mid January talking about mid points of guidance. Certainly they must have known they would miss the low end at that point. They definitely have a credibility problem.
SEAC - among other things, KiK, "The lower than expected revenue was due to certain Framework deals that management anticipated closing in the fourth quarter of fiscal 2020, which were pushed into fiscal 2021."
Also, in the section of the ER wherein mgmt states prior "Goals" and then "Results," there is a lot that's quite positive....
KiK......the Q&A of the cc call is worth listening to. There are positives there for sure. They missed on guidance because of 4 deals they didn't get signed. Margins were 73% in Q4 and expenses the lowest all year. It's tough. I think long term it's good esp with the current price (esp after hours). Just need more patience I figure. Oh well.
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