I’ll be honest, I did not have Renoworks on my radar to review this morning. I was anticipating reviewing D-Box Technologies, a Wolf Seal of Approval pick from earlier this year, but their financials were not released as many had thought.
These two companies have similar characteristics, not in terms of what they actually do but instead how the two stocks have performed, each returning about 300% from their lows this year.
Renoworks currently sits just less than a double YTD, but from their April lows nearly went 5x, before falling back about 22% since.
Renoworks has been doing the discovery circuit, appearing at many microcap conferences this year and they have caught the eye of many in the community. I had the opportunity to sit through one of those in Vegas earlier this year. I clearly was not as much of a fan as some others in attendance as I currently sit holding no shares of the company.
This will be my initial coverage of Renoworks. Are they closer to the $6M market cap they were back in April or the $24M market cap they currently sit?