Nov. 10 at 4:48 PM
$SRTA There's a lot to say...
The important thing is the explanation for the negative EPS.
It's negative because it was simply caused by the sale of Joby and the subsequent purchase of Kaystone.
Extraordinary costs:
Joby purchase (share purchase -5 million)
Legal expenses due to the change (-5 million)
Kaystone purchase + other expenses (related to other legal expenses -1.6 million)
These are exceptional expenses, while without them they would have a profit of +2.2 million!
Now the company is already in profit... but hidden by these extra expenses (normal in these cases).
From the next few quarters, net profits will only increase! So whoever can get in, and whoever has the shares, don't sell them! (Of course, this is my opinion.)
