Guess market liked that RCMT guidance. I checked the stock shortly after the open today...it was trading without much fanfare in the mid $19's, up slightly. Just saw it finished the day at $21.80, up 14% on the day. Even hit a new 52-week high! Dang hopefully some others were able to take advantage.
I noticed this in the CC transcript. Q4 will be good. But they did $70.2M in revenues and $7M in adjusted EBITA in Q4 last year, so not like it's huge increases or anything. And after they reported those Q4 numbers in March of this year, the stock had that weird plunge down near $10 soon afterwards.
From the CC-
"As we look to our fourth quarter of 2023 and our fiscal 2024, we expect all three segments to show good results, with growth in consolidated adjusted EBITDA. We estimate adjusted EBITDA in Q4 2023 between $7.6 million and $8.2 million.
Also in Q4 2023, we estimate consolidated revenue between $70.0 million and $74.0 million with a similar gross margin profile to Q3 2023."