RGDED - one of my top picks here, highly recommend doing the due diligence on.
Reasons For Decline:
Fiscal 2014 highlights:
-Revenues more than doubled from $16 .4MM to $33 .7MM (Y/Y)
-Adjusted EBITDA improved from a loss of $4 .34MM to positive $553,449
Q1 Fiscal 2015 highlights (year-over-year):
-Revenues increased 92% to $13.4 million from $7.0 million
-EBITDA improved to $1.4 million from a loss of $2.1 million
The Company has been quiet (outside of business call update located in our newsletter section). I am expecting some announcements on RDX Europe, transportation fuel status and franchise deals. Take all guidance's from company with a grain of salt - give or take 3 weeks due to the complex nature of signing them.
RGDED was trading over $0.30 prior to all of these announcements (FY14', Q1 2015 earnings, and $19.92M franchise deal) - so I am expecting a bounce back. I am not timing it as microcaps can announce news at anytime, and the PPS can move - as such I am invested now.
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