Yes it was and to an extent it is a cash burn company still. The issues with cash burn have been and continue to be resolved. The Portugal and Philippines hub will greatly improve 5his. The bind tuning product will improve implementation costs for smaller to mid clients. Their CAC was high but it is also being resolved.
Its one thing to say the costs are high and nothing is being done about it but when things have being done and continue to be done to improve this and it has improved dramatically then I don't see this as an issue going forward.
LVT Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held