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Post# of 114733
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indievestments

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indievestments

Re: rrat02 post# 67700

Sunday, 01/19/2020 12:28:42 PM

Sunday, January 19, 2020 12:28:42 PM

Post# of 114733
I spoke to the CFO on Friday. He guided me to cash “stabilization” as discussed publicly on conference calls etc. I get the sense “stabilization” means generating $1-$2M in the quarter.

Rough math, if they sign 12 deals with $2.75 avg deal size (I get sense they will beat Framework deal bookings), and assume 20% cash up front, that is $6.6M. I’m guessing they have $4-5M of legacy runoff in Q4. And they should have received the $600k from the Acton HQ sale. Should get us slightly cash flow positive assuming $10M quarterly OpEx.
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