RE: BATM20 Nov 2023 12:48
Resistance as you know, BATM is well-positioned to experience substantial growth and profitability in the near future. The positive trends in revenue, gross margin, and operational improvements across various divisions, combined with the anticipation of increased revenues from key contracts, underscore the company's potential for exponential growth.
Their cyber division showed notable performance with revenue increasing to $13.3 million in the first half of 2023, compared to $13.1 million in the same period in 2022. Gross margin improved significantly to 51.2% from 40.1%, and the division turned a profit of $0.1 million, reversing a loss of $1.3 million in the previous year.
Under normal circumstances, with figures like these i think we would expect the SP to be a lot higher than current levels. Even with the horrible events ongoing, the market will need serious correction in order for BATM to be valued at what it deserves. Still holding but need to see some positive price action to boost my morale.