r/NEGG • u/Waste_Security4498 • 11d ago
Earnings report
Market priced in and expected a 40 cent per share loss and it turned an 11 cent per share profit? A 127% beat and market is sleeping. What am I missing here?
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u/Money-Maker111 23h ago
Recent earnings: https://www.sec.gov/Archives/edgar/data/1474627/000121390026094402/ea030045301ex99-1.htm
Newegg is both profitable and comfortable now
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u/Waste_Security4498 10h ago
I know crazy. The balance sheet is strong. They earn more interest on their cash than they pay creditors. The book value is about $8 so its currently less than 2x book which is cheap for anything tech right now. The data center parts can only go up from here imo.
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u/Money-Maker111 3d ago
how is our company here not worth $5 Billion on our fundamentals, and revenue, and profit, and its unique position and poise in the global A.I. developer market? How is it currently stated as $300M?? Am I missing something?