- The company actually managed to turn profitable despite a pandemic induced headwind that cut 50% of their product sales.
- The good results were produced by an ongoing shift to SaaS and aggressive reduction in COGS and OpEx.
- Much of that is going to last when product sales gradually return.
- We think the shares are well below where they should be considering the progress the company is making.
Avid Turnaround Has Considerably Further To Run
September 20th, 2020 · No Comments