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Tuesday, 05/02/2023 2:30:58 PM

Tuesday, May 02, 2023 2:30:58 PM

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OPEN Q1 2023 earnings call will be on Thursday May 4, at 5:00PM Eastern. They still have plenty of cash to get through 2023 but will need to turn cashflow positive by the end of the year. Currently ~10% of outstanding shares are short and insiders continue to sell shares regularly. As NASDAQ reports it, 3X more shares were sold over the trailing 12 months than were "bought". Shares "bought" were all purchased at $0 cost as accrued stock options. The current burn rate is over $300MM a quarter, so for me OPEN remains on my watch list.

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