A promising result. A good reduction in cash burn. Also, some savings from the restructuring - with likely more this quarter. The lower new ARR was slightly disappointing but it will vary and is still increasing.
Cash burn is decreasing. However, I think they will run out of runway. I feel a couple of million dollars more cash would get them through. A capital raise is one option. However, with a solid and growing ARR of almost $8 million I would think getting a loan maybe realistic. That would save them doing a capital raise at the current ridiculously low price.
IHR Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held