This is a small cap acquisition holding company, that focuses on acquiring and managing small businesses with an enterprise value of less than $50 million. So far, they have made seven acquisitions, of which they have sold one of the companies and spun off one.
Recently, they acquired ICU Eyewear, an Eyewear Designer with Revenue in Excess of $19.0 Million and $1.7 Million of Adjusted EBITDA for 2021. The total cost of the acquisition was $4.5 million.
They reported a 27.6% increase in revenue YoY for Q1 2023. They have earnings coming out on 8/18. With a good earnings report and some hype, we can see a run over 100% or even higher to pre-Q1 levels. This is not financial advice, just throwing this out there for whoever is looking for a high-risk, high-reward situation.
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