02-23-2019, 10:50 PM
Well, I just posted the previous entry half an hour ago or so, it looks like the analyst from Lake Side agrees:
We believe over 129% MRQ y/y sales growth provides evidence the nearly $400M 36 month contractual backlog is a matter of when, not if. As backlog is converted, the recurring revenue stream grows and profitability improves, we predict multiple expansion and accelerated sales will drive this stock higher.
Accelerated sales and multiple expansion.. exactly.
Mind you, that backlog has already grown to $664M at the end of January 2019.