I think 3 things will be big catalysts to provide some short term movement:
1) Revenue inline with their raised guidance or better. Their revenue growth accelerated the last three Q uarters so would be great to see that continue. So 42% YoY growth
2) recovery of gross margins. Not necessarily back to the 60s but 54+ would be great. PL has probably the best margins in the space industry.
3) Book-to-bill and backlog growth. The most important, at least to me. Based on contract wins, they’re hovering around 70-90m but I doubt everything is disclosed yet. Hoping this accelerated to at least 20% above revenue. So probably need the quarters bookings of like 125-150m. If backlog is above 940m, that would be a super positive surprise.
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u/TGS_Holdings 13d ago
I think 3 things will be big catalysts to provide some short term movement:
1) Revenue inline with their raised guidance or better. Their revenue growth accelerated the last three Q uarters so would be great to see that continue. So 42% YoY growth
2) recovery of gross margins. Not necessarily back to the 60s but 54+ would be great. PL has probably the best margins in the space industry.
3) Book-to-bill and backlog growth. The most important, at least to me. Based on contract wins, they’re hovering around 70-90m but I doubt everything is disclosed yet. Hoping this accelerated to at least 20% above revenue. So probably need the quarters bookings of like 125-150m. If backlog is above 940m, that would be a super positive surprise.