Atomos provides digital imaging creation tools for video professionals
trade rationale:
1. very rough comparison pre-COVID where share price reached 1.5 versus current level at ~1
2. in Feb the company posted strongest half year result in company history with sales, EBITDA, margin all well exceed market expectation
3. pre-COVID sales in FY20 1H 32.6m, then post COVID dropped to 11.8m in 2H versus current period at 32.8m
4. pre-COVID EBITDA in FY20 -7.1m versus current 1H FY21 EBITDA 3m
5. management upbeat on company outlook and look for potential M&A opportunities
if the turnaround continues, share price will at least get back to previous level