Aug. 5 at 2:18 PM
$SMRT is still digesting a real turnaround quarter.
Revenue reached
$39.84M. Core Revenue grew 14%. ARR grew 13%. Gross margin expanded 760 bps to 40.7% and adjusted EBITDA turned positive.
The balance sheet matters too.
$92.7M cash. No debt. Buyback authorization expanded to
$25M.
Now the conference call has to add fuel and the tape has to confirm it.
I need a clean
$1.20 reclaim. Then
$1.23–
$1.25 cleared and held with real volume.
Management commentary on second-half Core Revenue, bookings, profitability, cash flow and buyback execution will determine whether this gets a second wave.
The catalyst is real. Market acceptance isn’t proven yet.
$SMRT
