NAVN

The Stage 2 advance remains intact with sustained support from rising EMAs, but extreme overbought readings and tight consolidation at highs diminish the near-term execution edge. Patience is required—entries are best sought on pullbacks into the rising 9 EMA and 21 EMA to confirm ongoing demand.

• ↑Q1 revenue $220M (+40% YoY); gross bookings $3.1B (+50% YoY).
• ↑Non-GAAP operating margin 11% (+900bps YoY); free cash flow positive $2M.
• ↓Profitability challenges: weak margins; historical gross margin dips of 300–400bps.