Update: Multi-Fineline Electronix Earnings - In Line, Showing A Break-Even May Be Near
Martin Vlcek • Mon, Aug. 11
- Revenues still fell by 4% Y/Y but sales to new customers skyrocketed ~200% Y/Y. While MFLX still posted an EPS loss, forward guidance expects non-GAAP breakeven.
- The long thesis worked well, with a ~20% gain in three months as my target price was hit. However, the stock later fell below the initial level.
- I reiterate my long thesis. MFLX offers another attractive entry point with ~50% upside within two years. However, downside should be fully protected at 10% below the purchase price.