Webinar Questions, page-22

It is to do with his guidance of hitting break even/profitability in 2019 IMO.

I was working on below assumptions :

$69M over 3 years starting 2018 and was applying 10-30-60 splits. 30 in 2019 so in line with BUD's guidance to hit $20M in revenue (more or less breakeven/some profit)

With $760K revenue last qtrly, my assumption is $500K was Thor and rest was OHM. Assuming some were booked in March qtrly, so OHM has produced $300K in revenue?

This means, BUD management should be hitting $6M+ in revenue in next 6 months from OHM which appears tough considering his commentary on problems. Hence the demise we saw yesterday.

It was reasonable progress but million dollar question is how he is expecting to hit profitability guidance in 2019.

In scheme of things, it is not end of the world as my estimate is they are now 6-9 months behind on that promise. At the moment, I hold.