It is trading more than 3 times book value and has lost money the last 3 quarters. On the positive side, they did manage to increase revenues significantly in the most recently reported quarter. Also, they generated positive cash flows from operations in the June quarter for the first time this year. This makes the relatively low cash balance a bit less worrisome. Cash flows from financing activities was $879K with the net change in cash and cash eqv. of + $837K, which basically means without raising the money through financing last quarter, they would have burned only a few thousand dollars. As it stands, they have about $1.5M in cash.
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