Update: WPCS International Reports Earnings - A Bullish Thesis Gone Terribly Wrong
Christopher F. Davis • Thu, Sep. 25
- WPCS International (WPCS) just reported its fiscal first quarter earnings, losing $0.23 per share, but increasing revenues.
- I originally has a bullish opinion on the stock given its bitcoin trading platform; WPCS has yet to generate any meaningful revenue from this venture.
- Although there were some positives in the quarter I think the company may go broke before it can capitalize on its strategic planning.