R.I.P. Hermii, page-82

Very funny, liked that one.

Basically they gave a Revenue forecast that was $50m including the PWC MSA for FY21, & that excluded 'Other Opportunities' & 'SaaS Opportunity'.

COVID obviously impacted their ability to expand into the East coast but the PWC agreement they did sign on schedule was supposed to generate $32m.

So if FY21 is $7-$8m that's a massive shortfall from expectations set in May last year, hence the sell off.

Other than that a new CEO joined around the start of Jul & gone by the end of 2021 which obviously was a problem.

So as I posted before reasons why pre IPO investors wanted out & reasons why to keep the faith.
For me I want to see the Q1 FY22 Revenue number before making a decision.