So lets look at some numbers for Hubs.
Revenue Q115. Q215. Q315. Q415. Q116. Q216. Q316. Q416. Q117. Q217 38.2. 42.9. 47.7. 53.1. 59.0. 65.0. 70.6. 76.4. 82.3. 89.1 54.5%. 51.5%. 48%. 43.9%. 39.5%. 37.1%
Ok so Revenue has been climbing every quarter but the growth has been slowing down. From Q116 it went from 54.5% growth to 37.1% growth in Q217. This seems a little concerning. They are expecting third quarter Revenue at a midpoint of 93.3 million. This puts growth at 32% another quarter down.
AEPS Q115. Q215. Q315. Q415. Q116. Q216. Q316. Q416. Q117. Q217. -.18. -.17. -.40. -.30. -.11. -.07. -.30. -.39. .03. .07 Well there Adjusted earnings are going in the right direction. But it took them awhile to get profitable on a non gaap basis. The last 2 quarters they have become profitable on an adjusted basis. Next quarter though they are guiding for a .09 cent loss at the midpoint.
One good thing about the company though is that they are Debt Free and have almost 500 million in cash but lets look at their FCF
FCF Q115. Q215. Q315 Q415. Q116. Q216. Q316. Q416. Q117. Q217 -1.8. 1.4. -4.8. -3.6. -3.5. 4.0. 3.2. -.2. 13.3. 3.5 So the past two quarters they have been FCF positive and with a slight blip in Q416 they have been FCF positive since Q216. They are guiding for FCF for the year to be between 15 and 16 million dollars. The third quarter they are guiding flat and the fourth quarter is going to be up slightly. So my question to the board is we have a company that Revenues are declining. AEPS is being guided to a loss next quarter and the only bright spot is that they are FCF positive. Why does anyone want to own this company? Andy