It's a shame to hear that. I was hoping this could be a cheap way into the SaaS space. Although, given XRO's capitulation over the past few month's, maybe it's not even that cheap anymore on a relative basis.
I haven't given up on RKN, but it's ability to achieve milestones on a timely basis is disappointing . It's been spending been a considerable amount on software development costs over the past few reporting periods, and while this is to the detriment of FCF in the short term, providing they can build a decent product it's a good long term strategy.
RKN Price at posting:
$1.85 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)