Rockley Photonics Holdings Ltd (RKLYQ)

[prototype_101]

makin said, A premium of $2.40 share buyout on this would be a decent acquisition.

I agree it smells like a cheap buyout, they have manipulated this non-stop lower from the beginning, I'd bet a buyout at $1 to $2 is the goal

I believe the technology is fine, but the financial management/forsight has been a disaster for RKLY, the cash burn is HUGE, why? because RKLY employs 89 PhD's and 190 Engineers!! (see slide 5) They have about 500 patents/patent apps, 17 customers including Apple (delayed) and Medtronic, the original revenue guidance Rickman gave in March 2022 was for $325 million in 2023 and $1.2 billion in 2024, later in the year Rickman said that guidance would be revised and given to investors in 1Q of 2023

https://s28.q4cdn.com/749577678/files/doc_presentation/2022/11/1/RKLY-4Q22-Investor-Presentation-2022-11-15.pdf