CTEK reported a softer Q1, with revenue of $3.5M (-5% YoY) vs. our $3.8M estimate and Adjusted EBITDA was $1.0M (28% margin) compared to our estimate of $1.2M.
Management utilized the quarter to prepare for the step-change in revenue ahead as it executes on its large international order starting in Q2.
We recently interviewed CEO Riley Taggart, watch it here.
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CTEK: Uneventful Q1; Expecting Step-Change in Q2 & Q3