President Gary Hanna buys 25,000 shares at $3.83; 3 other insiders also bought in past 14 days as stock down 72.8% from $13.43 high
President Gary Hanna purchased 25,000 shares (increasing his holdings from 1.33M to 1.35M shares) as part of a cluster pattern with 3 other insiders buying within the past 14 days. The stock has declined 72.8% from its 52-week high of $13.43 and is down 49.6% over the past 90 days, trading at $3.65 today versus the $3.83 transaction price. Despite the company's impressive 413.6% annual revenue growth to $13.6M in the latest quarter, it posted a net loss of $2.6M and was unprofitable over its most recent full fiscal year. The multi-insider buying activity during a period of severe stock depreciation, combined with negative earnings and recent sharp declines, warrants investor scrutiny regarding whether management sees value being overdiscounted or whether the losses represent a deteriorating operational trend that will continue.