Yes no debt. Cash typically has been near 1.5m and that combined with the other hard assets (inventory + recv - payables) brings the book value to 20 cents. With strong biz visibility for many qtrs, I think downside is limited from here.
At the conf call, they said they already recd. several significant followup **reorders** from the OEM partner that is supplying to a financial institution. The original order was announced in May and mngmt had called it a game changing order.
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