PRSS announced Q3 2014 (September 30, 2014) earnings after the close last night. Revenues were $48.6 million, down slightly from $50.4 million last year. They lost $2.8 million versus a $1.0 million loss last year. Our valuation was $11.17 down from $12.51 last quarter. PRSS is trading at 27% of our valuation. This is obviously a work-in-progress for a while. We are betting that the new (old) management can right the ship and get revenues and earnings growing again. Only mention of “strategic alternatives” was that they apparently inked a deal to sell InvitationBox” but with no other details. Shares closed at $2.97 on 11/13/2014. This is still a BUY.
Can you explain how you come up with your valuation, what metric you are using. Thanks.
Others have asked, but it is proprietary.
No problem, just having a hard time getting my arms around this one, especially since many ping stocks are being hammered as well. Thanks for the reply.
This is not looking as good as it was 6 months ago for sure. I would rather be is a pure play software company, but it looked good at the time.