ASX:SLXMachinery
Silex Systems (ASX:SLX) Shares Rally On Revenue Growth Despite Deep Losses
Silex Systems came into this earnings print with the stock up about 30% over the past month and trading on a rich price to book multiple. The immediate question for you is simple: do the latest numbers justify that optimism or stretch it further?
The headline this season is not revenue; it is the depth and persistence of losses. Silex Systems reported continued net losses across the year and earnings per share stayed firmly in the red. For a stock already priced above many machinery peers on...