Unix... Re profits.... Not too long ago... Our burn rate was around 5.5-6.5 million / quarter. Currently Wave is bringing in roughly 10 million/ quarter. Had management kept the burn where it was... Wave would be currently operating in the black. Instead Wave spent more money improving their products and bulking up the company. Some would argue that the company is in a MUCH stronger position by doing so. In regards to how I know that the clients were satisfied..... Simple.... Not only did GM double the size of their order.... They ACCELERATED the rate of deployment!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.