Wave Systems Corp. (fka WAVXQ)

[RootOfTrust]

alea...

"the legacy income is providing a revenue foundation. They need that foundation to increase by maybe 20-25% in order to be confident of break even. but legacy income is made up of items that are either stable or declining."

Billings is the foundation I'm looking for to eliminate the negative cash burn. Solms used the word "billings" numerous times in the call so I know he's thinking along similar lines.

"small orders would approximately have to double to achieve the same effect. q3 saw a loss of upwards momentum for unspecified income. we've seen a step up in 2013 rather than a slope. so i don't see a 100% increase as very likely in the near term."

"which is why i concluded they could use the luck of a major order some time soon."

Large billings certainly would help to get to CFBE for this quarter.