Nice work Rev - thanks. Yes the cash position is solid for now, but predicting 30 months of cash based on past burn probably won’t hold up - especially if they sign another 5-7 clients this year.
I would agree that it has been a very low bar, but I was once again disappointed with the information provided by management. They continue with their canned answers that say nothing. Look at the McKesson answer I posted yesterday for example. Part of the problem admittedly is the softball questions from the analysts. I think providing earnings guidance (like many here would like) is very difficult at this point because they are dependent on their customer’s timelines and can’t reveal this for competitive reasons but this is not what frustrates me. I believe that management actually wants to reveal just enough information for legal purposes and to keep investors interested, but not enough that helps their competitors (or acquirer?).