What a great story D-Box has been over the last five quarters. In February of last year, I gave the company my Wolf Seal of Approval, my first in what would become a new way of announcing my mid-year Wolf Picks. The stock traded at $0.145 then and yesterday leading into these financials, the stock closed at $0.90 for a 521% return.
My conviction has only grown since then with multiple buy zones along the way, including in my recent May What’s Wolf Watching article. Within that piece I noted that DBO would be up against a very soft comp setting them up for a pretty good top and bottom line beat, also noting I would be a buyer at any dip into the 80-85 cent area. That opportunity arose last week touching the bottom of that buy zone at 80 cents and I and others within the Wolf Den Discord acted upon it.
You may have noticed many of my reviews of late have been a bit of a bummer with many of those covered missing expectations. Therefore I was very much looking forward to after hours yesterday. The highlights look excellent, supporting my thesis of a great quarter to close out the year on both ends of the P&L. Revenue was up 70% with net income up by 162%.
Let’s get into the weeds to ensure we do not come across any landmines. Grab yourself a comfy D-Box seat, and come along for a ride to see if we can determine where D-Box goes next.