JanOne Inc (JAN)

[Principian]

People seemed to have gotten suckered in the Geotraq PR. A few things to note is they mentioned doing Device Certification this summer. So this means no sales have occurred for Q1 and probably no sales for Q2.

Meanwhile, the core hardware they are using from Sequans is now available from Verizon at around $6.50 per device. Ask yourself if you are a company needing this technology solution, which company would you choose - Geotraq or one of the more established players? Geotraq at this point isn't bringing anything new to the table.

Geotraq is going to have to score some serious business wins. With this kind of pricing from Verizon. It tells me margins are now super thin.

https://www.sequans.com/press-release/worlds-smallest-and-thinnest-mobile-iot-solution-from-sequans-and-skyworks-now-available-through-verizons-thingspace-iot-accelerator-program-at-6-50/