Massive cash burn and they only added 1 one ISS-Schrole customer in a 3 month period. Revenue doubled last year because of the ISS-Schrole deal and failing another one of these, there appears to be little to no chance of this happening
The bottleneck that has been feeding the ETAS increase (upgrade to TAE) came into effect on July 1 good chance the ETAS revenues will go backwards this quarter too
Luckily most of their revenue for the year will come in this quarter however at the current cash burn rate and lack of meaningful sales, they will likely be tapping the market again early to mid next year.
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Massive cash burn and they only added 1 one ISS-Schrole customer...
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