In today’s briefing:
- KNR: Light Q1 Financials; 15% Discount to Net Cash
KNR: Light Q1 Financials; 15% Discount to Net Cash
- Kontrol Technologies reported Q1 financial results that were below our expectations.
- Revenue came in at $1.5M vs. our estimate of $1.9M and adjusted EBITDA was ($0.2M) vs. our estimate of $0.2M.
- KNR ended the quarter with $11.2M in cash & equivalents with minimal debt ($0.20/share in net cash), compared to its market cap of $9.1M.
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