In short, I don’t think I could be any happier about today’s response to SPKL’s earnings news. As I mentioned in Tuesday’s blog entry, I didn’t really expect their third quarter numbers to look fantastic – all the expense of going public and getting some visibility for the stock was incurred last quarter. Even though it’s a one-time expense, my worry was the market would jump to conclusions and sell it off.
I guess I underestimated investors. Like I encouraged everyone to do over the last couple of weeks, the market seems to understand this is an early-stage growth idea, and the way things are in the recent past are not the way they’re going to be in the near future.