Q2 was supposed to be huge and revenue came in at only $4.3 Mil. Sequentially that was a measly 10.2% increase over Q1. The CEO said break-even was at approximately $20 mil of revenue. So far YTD they have only achieved 41% of that. Q2 was supposed to be BIG. I am not short but I don't see this stock climbing on this report. Notice the report didn't mention cash and ability to fund operations going forward. They generated $54k of EBITDA in their biggest quarter, what does that say about the next 2 quarters... how will they fund operations and 'growth' if that's all they could muster in Q2? The floor sounds creaky.
The bottom line is revenue continues to decrease - Q2 was nothing close to overwhelming - at some point revenue has to start going the other way but when will that happen - next quarter will not be as big seasonally so will that $54k of EBITDA dry up. In my opinion they need more cash to grow out of their problems. They've done all the cutting and reallocating. At some point revenue has to join the party and in Q2 that was supposed to happen.
so you must be happy you sold your stock at fifty cents 3 months ago, and held PLSB in denial losing capital all the way.
Anyone who would take advice from you deserves a miserable investing life like yourself.