Jun. 9 at 3:02 PM
$PPIH
PPIH has wiped out roughly
$40 million in market capitalization today alone.
To put that into perspective:
The company's total order backlog actually grew by
$15 million this quarter to
$136.5 million.
Total Q1 revenue increased by
$3.6 million.
The entire net income drop was a mere
$3.1 million (
$1.8M vs
$5.0M).
The market is effectively erasing
$40 million in enterprise value because of a
$3 million quarterly timing delay and some front-loaded factory startup costs.
Preparing to add.
