Thursday, September 12, 2013 3:49:55 PM
They have indeed grown without funding:
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Q2 2012 +24% YOY Revenue Growth
Q3 2012 +42% YOY Revenue Growth
Q4 2012 +33% YOY Revenue Growth
Q1 2013 +41% YOY Revenue Growth
Q2 2013 +39% YOY Revenue Growth
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5 straight quarters of 25% revenue growth YOY
Positive YOY revenue growth achieved 11 out of the last 12 quarters.
Having clarified that, I assume you mean they will struggle to grow any faster than 25-40% per quarter in revs UNLESS they get funding.
I agree with that too, mostly, and yes, they "had better" get funding to provide them the resources necessary to execute their growth plans. I want to see triple digit quarterly revenue growth YOY.
As stated in recent blog, "We are in on-going talks with various parties in order to secure significant funding in order to reach our long-term and short goals."Sounds to me like its gonna happen...some day.....IMO....sooner rather than later:)
Best to you,
StormKing
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