InvestorsHub Logo

blindman28

04/23/20 9:03 PM

#70 RE: Hooparena #69

Very Good but not great Quarter: Looking through the Press Release. IMO

Positive: Cloud service Revenue was up 18%. This is what Investors want to see in the UCaas Space. Cash increased by 15% from previous quarter. Cash Flow increased by 10%.

They also announced a partnership with a cyber security company https://www.home.neustar/ . This shows imo they are trying to grow.

Also Business and earnings was not affected negatively by Covid at all. Which is rare to find.

Neutral: Net income was flat compared to last quarter. but was still up 23%
compared to same quarter last year.

Negative: Gross Profit MArgin Decreased. but is still higher than competitors at 76.8%... this really isnt that much of a negative.