Is Recon Technology Ltd (RCON) overvalued? · rev $6.4M
Recon Technology Ltd (RCON) is a oil & gas equipment & services company listed on NASDAQ.
This page asks whether Recon Technology Ltd (RCON) looks expensive on cached numbers — not a short thesis.
Latest reported RCON revenue for 2016-06-30 was $6.4M. Net income was -$6.2M. Revenue was down 24.0% from 2015-06-30 to 2016-06-30. RCON currently screens at market cap $45.4M.
RCON currently screens at market cap $45.4M. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next RCON 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the RCON stock page for the full model, not this heading.
Not investment advice.