The stock was near $9.70 when I hit the close button. It was really a take some off the table call, but the stock fell to $8.20 by the end of the day so I... login to read the rest
Don't disagree w your broad thesis and clearly stock is working (and I'm long in small size and have been for awhile) but how relevant is 40% sequential growth given that's off very depressed levels... login to read the rest
Thanks. I just add 30% to my valuation range so now about $7.80-$22.50. I simply increased my revenue estimates by 30% in line with the beat vs my estimates. With all the variables valuation is... login to read the rest
Thanks. Given the depressed value and comps IRIX could have tremendous upside from these levels. I show the stock now trading at an EV/R of only 0.8x vs the comp at 14x, and a steep... login to read the rest
Thanks. I have covered 100s of names over 27 years and keep track of them, waiting for the stars to line up. I have several screens but I would only discuss them in more detail... login to read the rest
Bill, great call so far.
What gives you the confidence for your growth projection of 25%+ for the foreseeable future? Did you just work backwards from the eventual market share that you assume for their G6 system?... login to read the rest
IRIX pre-released positive 4Q20 results last night, which vastly outperformed my expectations. IRIX now expects 4Q20 revenues of $12.2-$12.4 mil, which is 40% above consensus expectations of $8.6 mil, and represents sequential growth of 38%.... login to read the rest
Management was easy for me to reach by phone. Management have been busy dealing with Covid 19 impacts on the business, and run the company on a very lean budget, so they have not been... login to read the rest
As far as I know they have not commented on a potential equity raise. I strongly beleive they don't want to issue equity unless the stock was much higher. They are a very prudent management... login to read the rest
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