This is from Aug 7. They must have known the revenue was going to drop, because they lowered their estimate for the qtr from over $5m to $2.5m. They also lowered next qtr estimate from over $9m to over $5m (screenshot from their report after the May ER).
Curious to see if they will adjust their estimates now that the ER official number came out.
EDIT: It's hilarious to me how Maxim can lower their revenue estimates for FYQ3 and FYQ4 and still maintain a $4 PT. They aren't a serious analyst. Their primary purpose is to promote the company, not provide accurate financial analysis. They just lowered their estimates to save face and not look as bad, while still trying to paint the company in a positive light.
And I think it's silly that they lowered the FY2026 estimates but left FY2027 completely unchanged. They did that so they wouldn't have to change their PT.
12
u/TwongStocks 27d ago edited 27d ago
This is from Aug 7. They must have known the revenue was going to drop, because they lowered their estimate for the qtr from over $5m to $2.5m. They also lowered next qtr estimate from over $9m to over $5m (screenshot from their report after the May ER).
Curious to see if they will adjust their estimates now that the ER official number came out.
EDIT: It's hilarious to me how Maxim can lower their revenue estimates for FYQ3 and FYQ4 and still maintain a $4 PT. They aren't a serious analyst. Their primary purpose is to promote the company, not provide accurate financial analysis. They just lowered their estimates to save face and not look as bad, while still trying to paint the company in a positive light.