Oct. 6 at 3:03 PM
$AREN When the CEO makes comments like, "We continued to scale our competitive publishing model effectively, aligning talented journalists with our business success, and this is driving accelerated, profitable growth" or "Our operational performance continues to improve, and the business is delivering the outcomes we targeted", it is worth taking a step back and looking at the numbers beyond what is on the surface.
Here are the last 5 quarters. Good trends in both revenue and income. But top line is not the only factor driving the bottom line. Check out cost of revenue and operating expense as a percent of total revenue.
$AREN is increasing revenue and doing so for less. As a result, you see the margins improving nicely in the gross profit and operating income charts.
Only a matter of time before this gem is discovered!
