Revenues were down from last quarter could be the issue but the company is in a strong financial position. Crazy imo.
Balance sheet highlights as of September 30, 2020 and December 31, 2019
- Cash and cash equivalents of approximately $5,885,000 and $897,000, representing an increase of $4,988,000.
- Working capital of $11,692,000 and ($1,266,000), representing an increase of $12,958,000.
- Shareholders’ equity of $13,251,000 and $890,000, representing an increase of $12,361,000.