RDX Technologies: A Buying Opportunity

RGDED - one of my top picks here, highly recommend doing the due diligence on.

Reasons For Decline:

  • TSX/Venture "mini-crash" (1024 to 778). TSX has started a small recovery, too early to tell.
  • Retail confusion has created an excellent buying opportunity.

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.

Get Caught Up On This Story:

IMHO - please understand all risks involved. By reading you are held to our disclosure

Posted to SecretCaps on Oct 16, 2014 — 9:10 AM
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