SIRC Analysis – Q2 2022 10Q Thoughts

Hi all, a bit late to the party but I thought I’d put together my two cents from the SIRC 10Q for the period ending 6/30/2022. Without further ado… Financials Takeaways Revenue Revenue growth, I’ll be honest, is still jaw dropping to me. We’re looking at about 8.5x growth quarter over quarter which is insanely … Read more

SIRC Analysis – FY 2021 Annual Report Part 2

Hello readers! As promised, I’m happy to release my next article analyzing SIRC’s FY 2021 annual report. My first article focused more on high level performance and some key considerations from their financials. This article will focus more on some interesting specifics I dug into from the audited financials. Many of these were not yet … Read more

SIRC Analysis – Why so Much Goodwill?

I’ve seen this question kicked around a bit on Discord and figured it warranted its own article. This is also a bit of an important topic because SIRC specifically said this topic is what’s holding up their audited financial statements. First, we’ll get into what goodwill is. Then, we can talk about why SIRC has … Read more

SIRC Analysis – Long Term Price Target

I typically don’t like giving out price targets for companies I cover. The main reason is that there are an ungodly amount of click bait pump videos/posts out there that say something like $SIRC PRICE TARGET $25 IN 12 MONTHS GUARANTEED TO THE MOON. Price targets are a tricky thing. They have so much nuance … Read more