In September, Stock Day Media published an article regarding the investment potential of data-centric technology company, Route1 Inc. At the beginning of the week, this highly undervalued company was trading at just under 50 cents per share. However, in the last 48 hours Route1’s stock price has surged to 60 cents per share. Not only is this a 22% increase in just two days, but it also represents a new all-time high for the company.
Yet, Route1 still remains undervalued. Positioned to handle the growing demands of the extended work from home environment, as well as data acquisition and analytics for IP manufacturing, Route1 recently announced their best quarterly GP of all time for the 3rd quarter of 2020. The company’s Q3 Business Update included a long list of impressive financials, including:
- Total Revenues of Over $9 Million CAD
- Gross Profit of Over $3 Million CAD
- Gross Profit to Sales & Marketing Cost Ratio of 3.31
With proven growth, innovation, and relevance, Route1 continues to represent incredible potential to the investment community. As discussed in a recent article by Stock Day Media, the remote workforce is here to stay and the demands it requires can be found in Route1’s patented, MobiKEY solution.
Over the past few weeks, Stock Day Media has been encouraging our readers and listeners to consider the growth and investment potential of Route1, and the market has finally taken a step towards reflecting this company’s value. With a 22% increase in stock price, as well as a 185% increase over the last 14 months, interest in Route1 will only continue to increase. Investors looking for an innovative and relevant company with significant growth quarter-to-quarter will want to consider Route1 while they remain undervalued.
To learn more about Route1’s technology, financials, and potential, visit: https://www.route1.com. Investors can also listen to the Route1’s latest Stock Day Podcast interview, here. Investors are also encouraged to learn more about our perspective on the future of the remote workforce, here.