the forecast for 3rd quarter billings will be 225MM to 230MM, this is a huge number, which means the revenue growth is accelerating for the coming quarters... all other numbers are also very impressive. The only negative thing is that CFO is leaving. The best industry, quickly approaching break -even point, fast revenue growth, customer base expansion. .... too much good thing to list..
I think very likely tomorrow will close in green ...
I just listened to the conference call and found out that the management just wanted to be a little bit more conservative about the guidance for Q3. that's one of the main reason that Q3 guidance is a little light. lot's of positive news/updates in the conference call, such as the partnership with JD and Tencent will get deeper and deeper.
Currently ~1.9B market cap, with ~1B cash, with YoY growth of 90%, after hour stock price was purely manipulated by the shorts. They got panic, tomorrow will be a grand reversal day for BITA, easily close about 42!!