$ePlus(PLUS.US)$In the analysis of January 3, 2023, it was excluded because short-term net profit growth turned into contraction, and the stock price has increased 80% so far.
The American company, which was listed in 1996, is mainly in the IT solutions business. The main market is in the US, and the current price is 80.81.
It has grown amid fluctuations in revenue over the past 5 years, with an average growth rate of 7.8%. Operating profit increased for 4 years except in 2019, with an average growth rate of 14.8% and an average net profit growth rate of 16.6%. Interest expenses in 2023 account for 2.3% of operating profit, and the interest burden is very light. The gross margin increased slightly from 24% to 25% in the past 5 years, the net margin increased from 4.6% to 5.8%, and the return on net assets increased from 15.9% to 16.5%.
In the first three quarters of 2024, revenue increased 6.1%, operating profit increased 4.5%, and net profit increased 8.4%. 24Q3 revenue, operating profit, and net profit all shrank significantly, and growth seemed to be hampered.
The balance ratio has declined from 46% to 44.7% over the past 5 years, and both total assets and net assets have increased dramatically. Receivables and inventories increased a lot in 2023. Although the ratio is quite normal, it had a negative impact on cash flow. 24Q3 receivables grew to 758 million, which has significantly exceeded quarterly revenue, which is a very bad sign.
Goodwill and other intangible assets are $201 million, accounting for 23% of net assets of 888 million, and interest-bearing loans of $140 million, accounting for 16% of net assets. The leverage ratio is not high.
Currently, cash is 142 million, current ratio...

$InterDigital(IDCC.US)$In the analysis of April 15, 2022, the stock price has increased 80% since it was ruled out due to excessive valuations.
The US company, which was listed in 1981, is mainly engaged in wireless and vision-related businesses. The main markets are China, the US, and South Korea. The current price is 105.3.
After 3 consecutive years of sharp decline in profits, growth resumed in 2020 and continued for 4 years. The period has been extended until 2014. The current level of revenue and profit is not the highest. There is no long-term trend in growth. Instead, it shows great volatility. Currently, the performance is slightly higher in the middle of history, and the stock price is at a very high level in history.
Currently, the price-earnings ratio is 13.8 and the price-earnings ratio is TTM 15.2. Since it cannot be valued as a growth stock, the current price is unattractive.

$Yalla(YALA.US)$In the January 7, 2023 analysis excluded due to weak growth, the stock price has fallen 16.8% so far.
The UAE company listed in 2020 is mainly engaged in online gaming and social networking services. The main market is in the UAE, and the current price is 4.875.
Revenue has continued to grow in the past 3 years, with an average growth rate of 33%, but the growth rate fell to 5% in 2023, and operating profit changed very little in the past 3 years. In 2023, it only increased 14.5% compared to 2021, and net profit grew at an average rate of 17% in the past two years. Interest income reached $0.2 billion in 2023. The gross margin has been around 65% for the past 3 years, the net interest rate has been around 30%, and the return on net assets has been above 20% for the past 3 years.
The balance ratio has remained extremely low, at 12% in 2023, and most assets are in the form of cash. The ratio and growth rate of accounts receivable are normal, and there are no interest-bearing loans.
Currently, the price-earnings ratio is 7.5. Considering that revenue has continued to grow in the past 3 quarters, you can choose carefully (⭐️)

$SurgePays(SURG.US)$In the analysis of November 30, 2022, it was excluded due to excessive profitability, and the stock price has fallen 40% so far.
The US company listed in 2021 is mainly engaged in mobile communication related business. Single US market, current price is 4.06.
After a slight contraction in revenue since listing, it grew sharply for two years. The growth rate fell to 12.8% in 2023. Operating profit increased sharply to $19 million in 2023 due to an increase in gross margin, and net profit reached 21 million in 2023 due to income tax rebates. Interest expenses account for 3.2% of operating profit in 2023, and the interest burden is very light. The gross margin increased sharply from 12.1% to 26% in the past 3 years, the net margin reached 15.1% in 2023, and the return on net assets was 124%.
However, revenue has been shrinking continuously in the past 2 quarters, and operating profit almost returned to zero in 23Q4 due to the sharp increase in management expenses. It seems that both revenue and profit growth have been greatly hindered.
Currently, the price-earnings ratio is only 3. Considering that the current scale is still very small, we can continue to observe.

$Sprinklr(CXM.US)$The stock price has increased 38% since it was excluded from the analysis on November 30, 2022 due to excessive valuations.
The US company listed in 2021 is mainly a subscription-based enterprise software business. The main market is in the US, and the current price is 11.82.
Since listing, revenue has continued to grow, with an average growth rate of 22.6% in the past 4 years, and operating profit reversed losses in 2024. Judging from the quarterly report, profit reversed losses and increased sharply in the past 3 quarters. Net profit has reversed losses for 4 quarters and grew rapidly due to other net revenue. There is no interest burden. The gross margin increased from 68.5% to 75.5% in the past 4 years, the net profit margin reversed losses to 7% in 2024, and the return on net assets was 8.4%.
The balance ratio has declined from 67.5% to 44.4% over the past 4 years, and both total assets and net assets have increased dramatically. The ratio of accounts receivable is slightly higher, reaching 37.7% of revenue in 2024, with no interest-bearing loans.
Currently, there are 663 million dollars in cash and equivalents, a current ratio of 2, and a quick ratio of 1.85.
Currently, the price-earnings ratio is 65.6. Normally, after crossing the break-even line, the growth rate will be very fast, so you can choose carefully (⭐️)

$Manhattan Associates(MANH.US)$In the analysis of December 12, 2022, it was ruled out due to excessive valuation, and the stock price has increased 75% so far.
An American company listed in 1998, mainly in the software solutions business. The main market is in America. The current price is 210.
In the past 5 years, revenue has increased for 4 years except 2020, with an average growth rate of 10.7%. Operating profit shrank in the first two years and increased in the next three years, with an average growth rate of 9.4%, an average net profit growth rate of 11%, and an average growth rate of 26.6% in the past 3 years. There has been no interest in recent years. The gross margin has basically been around 54% in the past 5 years, and the net profit margin has increased from 13.9% to 19%.
2024Q1 revenue increased 15.2%, operating profit increased 22.4%, and net profit increased 38.7%.
The balance ratio has declined from 61.8% to 58.7% in the past 5 years, and total assets and net assets have increased dramatically.
Currently, the price-earnings ratio is 74.4, and the price-earnings ratio is TTM 68.5. If the growth rate continues for the past 3 years, net profit will double. Corresponding to a price-earnings ratio of 37, the valuation is still a bit high, so you can keep watching.

$Eltek(ELTK.US)$The Israeli company, which was listed in 1997, is mainly in the custom PCB business. The main market is Israel, and the current price is 10.8.
In the past 5 years, revenue grew by 4 years except 2021, and operating profit increased rapidly for 4 years except 2021. Net profit was affected by fluctuations in gross margin and increased rapidly for 4 years except in 2022. Net profit in 2023 was 6.35 million. However, after reviewing past revenue data, it was found that it was very cyclical. There was no obvious growth in the long run, and it was not very attractive.

$M-tron Industries(MPTI.US)$The US company listed in 2022 is mainly engaged in frequency and spectrum control products. The main market is in the US, and the current price is 26.95.
Revenue, operating profit, and net profit all grew rapidly in the two years after listing. In 2023, revenue increased by 29.3%, operating profit increased by 49.5%, and net profit increased by 94%. However, when the gross profit in 23Q4 was only 4.69 million, operating expenses skyrocketed to 4.753 million. I don't know if it is a one-time or long-term increase in expenses. Let's take a moment to observe.

$LSI Industries(LYTS.US)$Major acquisitions were carried out in 2021, and revenue continued to grow in the past 3 years. The growth rate fell to 9.2% in 2023. Operating profit continued to grow sharply due to an increase in gross margin, and net profit grew very fast in the past two years, reaching 71.4% in 2023.
In the first three quarters of 2024, revenue contracted by 8.8%, operating profit shrank by 1%, and net profit increased by 11.3%.
Currently, the price-earnings ratio is 16.9. Considering that the rapid growth brought about by acquisitions usually disappears within a few years, revenue has begun to shrink recently, so wait and see.

$Daktronics(DAKT.US)$It has grown amid fluctuations in revenue over the past 5 years. Operating profit reversed losses in 2021 but was very unstable, and net profit was similar. In 2024Q1, revenue surged 35%, and net profit also increased 4.6 times, but the growth rate slowed sharply in the next two quarters. Currently, the price-earnings ratio is 63, and the price-earnings ratio TTM has dropped to 8.2, so we can continue to observe.