Thursday, May 15, 2025
Patrick McCann, CFA, Research Analyst, Noble Capital Markets, Inc.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Q1 results. The company reported Q1 revenue of $20.1 million, in line with our estimate of $20.4 million. An adj. EBITDA loss of $3.6 million was also largely in line with our loss estimate of $3.4 million.
Flexible production capabilities. In response to recent tariff-related uncertainty, the company established a partnership with U.S.-based Profab Electronics, enhancing its production flexibility. While elevated tariffs remain a policy risk, recent pauses have mitigated any near-term disruption to the company’s production partnerships in Southeast Asia.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.