Oct. 6 at 6:28 PM
$ICON After reviewing recent SEC filings:
- Company confirmed a
$0.07 dividend (Ex-date May 16 2025).
- Reported positive operating income for FY 2024 but still ended with a small net loss (~
$0.2 M).
- Market cap only ~
$5 M — P/B ≈ 0.22, which looks deeply undervalued.
-However, losses continue in 2025 (TTM ≈ -
$4.9 M), and a 1-for-40 reverse split was done to stay listed.
- Majority control by Atlantis Holding Corp and potential for further dilution.
So... It looks undervalued on paper, but this is a high-risk microcap with uncertain dividend sustainability.
Yes I'm in it. Unfortunately. 50 % down.