While losses and increased expenses arent good and not really surprising as we already knew the oil contract would negatively effect the next Qs, plus the increased marketing and new hires, there are plenty of positives. Not sure what the bundling of software w/ a major hardware company will mean for revenues. Seems like a good development. B Scada is winning contracts with very legit outfits around the globe so this could just be the tip of the iceberg once it starts to scale. Creating their own line of sensors so that they make offer a complete, go-to package makes their service easy and appealing to a potential custome. Its just a matter of balancing sales growth with spending so they dont get over their heads with expenses until things kick into higher gear. Small company in a big and growing SCADA and IoT space, so lets hope they make it happen and make us shareholders smile.
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