Haywood analyst Gianluca Tucci reiterated a Buy rating on Tantalus Systems Holding yesterday and set a price target of C$6.50.
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Gianluca Tucci has given his Buy rating due to a combination of factors including Tantalus Systems Holding’s impressive financial performance in the recent quarter. The company reported a notable 22.5% year-over-year increase in revenue, reaching a record $14.2 million, and achieved a positive net income of $384,000. This was supported by strong gross margins of 55% and significant operating leverage, with Adjusted EBITDA more than doubling compared to previous periods.
Moreover, Tantalus Systems Holding’s future prospects appear promising, as evidenced by a record-breaking order book and a robust book-to-bill ratio of 1.37x year-to-date. The company’s TRUSense Gateway product is gaining substantial commercial traction, securing initial orders from 52 utilities, including a major multi-year contract. These factors, along with accelerating demand and a clear path to profitability, underpin the Buy rating and the reaffirmed price target of C$6.50.
GRID’s price has also changed dramatically for the past six months – from C$2.390 to C$3.590, which is a 50.21% increase.