Added to YB: 2024-02-05
Pitch date: 2024-02-05
WAVD [neutral]
WaveDancer, Inc.
+89.82%
current return
Author Info
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Company Info
As of August 12, 2024, WaveDancer, Inc. was acquired by Firefly Neuroscience, Inc., in a reverse merger transaction.
Market Cap
$6.4M
Pitch Price
$5.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.33
P/E
-3.12
EV/Sales
0.85
Sector
IT Services
Category
special_situation
Show full summary:
WAVD Strikes A Nerve With Us
WAVD selling COBOL biz to CEO for $1.5M (<0.2x sales) to reverse merge w/ Firefly Neuro; mgmt rationale questionable given recent wins ($19M gov contracts) & industry tailwinds (IBM/Amdocs M&A); move may undervalue biz & deprive shareholders; board should explore alternatives
Read full article (14 min)