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07-02-2023, 09:31 AM
#941
"IKE experiences some seasonality, with engineering activity impacted in Q3 because of winter storm events in North America. "
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07-02-2023, 09:33 AM
#942
Member
Ouch, wonder what the impact of seasons has on the revenue recognition.
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07-02-2023, 10:01 AM
#943
SP up 6% market likes it!!
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07-02-2023, 10:07 AM
#944
Member
Originally Posted by Rawz
"IKE experiences some seasonality, with engineering activity impacted in Q3 because of winter storm events in North America. "
Originally Posted by Rawz
SP up 6% market likes it!!
Stronger open than I expected
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07-02-2023, 10:28 AM
#945
Great open. I sold some. Just to take a bit of profit off the table.
IKE burned through about $5m in cash during the quarter.
If you look at the customer growth its snail pace. They now have about 10% of the market (they have 365 customer and say there is >3,200 utilities)
Anyways, overall another good update. And i expect Q4 to be an absolute boomer!
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07-02-2023, 10:51 AM
#946
Junior Member
Originally Posted by Rawz
Great open. I sold some. Just to take a bit of profit off the table.
IKE burned through about $5m in cash during the quarter.
If you look at the customer growth its snail pace. They now have about 10% of the market (they have 365 customer and say there is >3,200 utilities)
Anyways, overall another good update. And i expect Q4 to be an absolute boomer!
Cash balance was affected by FX translation. Not necessarily burned.
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07-02-2023, 10:52 AM
#947
Originally Posted by Co0p_New
Cash balance was affected by FX translation. Not necessarily burned.
Oh okay makes sense
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07-02-2023, 04:50 PM
#948
Originally Posted by Rawz
Great open. I sold some. Just to take a bit of profit off the table.
IKE burned through about $5m in cash during the quarter.
If you look at the customer growth its snail pace. They now have about 10% of the market (they have 365 customer and say there is >3,200 utilities)
Anyways, overall another good update. And i expect Q4 to be an absolute boomer!
5% according to that chat...
Taking profit may prove to be expensive risk management strategy. If they're a sound company let your winners run. They have big intentions and huge potential.
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07-02-2023, 05:21 PM
#949
Originally Posted by t.rexjr
5% according to that chat...
Taking profit may prove to be expensive risk management strategy. If they're a sound company let your winners run. They have big intentions and huge potential.
Was there anything else interesting said on the call? I wasn’t able to listen in
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07-02-2023, 05:41 PM
#950
Member
Originally Posted by Rawz
Was there anything else interesting said on the call? I wasn’t able to listen in
They were quite positive, using AI to complete more work and automate, new products that should have a higher prices, more business onboarding, higher use of products.
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