Yes and the recurring revenue will only continue to increase as they continue to add licensees. If you back out cash and receivables it is trading at a p/e of 3. One could argue that the time to buy it is now before the ceo ends his silence and while only a few people know about it but to each his own.
I would prefer a s/s of under 100 mil but it is what it is. float is about 60 mil I think.
Ceo has already done most of those items. Shareholder letter and pr's are all that is left.
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