The difficulties with the satellites should have been disclosed, despite the explanation that the second one only went snafu in June (hard to believe). Their belief that KSF-1 software will be working this quarter suggests that it is actually already working, although with the company's announcement record that is far from certain. It appears that they thought they could update the software while the platforms were in orbit, which was good in theory but clearly more difficult than anticipated. My view is that they will get there, but their disclosure needs to improve dramatically. Very disappointing overall.
KSS Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
