SPRT Gained 35% Last Week, Word is Spreading Fast

Support.com (SPRT) gained by 35.06% last week and finished the week at a new 5-year closing high of $2.35 per share. SPRT only has 19.08 million shares outstanding so its market cap at $2.35 per share is still only $44.84 million. SPRT has a cash position of $29.69 million so its business is still being valued at only $15.15 million! SPRT’s enterprise value is still less than 0.30X its revenue of $51.56 million and less than 2.75X its free cash flow of $5.529 million!

SPRT’s 3Q results will be released approximately two weeks from today and we expect SPRT to report a very strong quarter due to the remote learning boom!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.