This industry is very conservative and slow to respond to new and innovative products. Like another poster stated, they are eager to be first in line to be second. However, that being said, the time to generate revenue is not unlimited. CTC has a burn rate of $1.3 million/month and approximately $5.8 million in the bank. Without revenue or an infusion of working capital, the company runs out of money by August and that is just 5 months away. Even a small contract will eliminate or significantly reduce the burn. Unfortunately, if CTC does not have revenues by August, additional working capital will be hard to obtain. Even if you can get it, it will be expensive and will likely cause significant dilution. Hopefully, we will see a revenue deal soon.
News 
Market Data 
Discover 
AI
