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Re: untuned post# 73788

Wednesday, 09/22/2021 1:22:29 PM

Wednesday, September 22, 2021 1:22:29 PM

Post# of 83477
I think it's about survival at this point. They need to get to about $7m quarterly revenue to break even according to them. Do they have enough cash flow to get there? THey can always dilute but to your point it will crush recovery.

Market cap is roughly 1x annual revenue so there isn't any excitement for this stock or this segment.

I am not sure how CA AB45 will affect the business. It should be a big boost but the way I read the legislation I'm not sure exactly what will happen, or if it does help it might be months away.

Looking forward to hearing q3 results. We're about a month or less away. If they can somehow get to $6m rev's I will feel much better about recovery.
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