I'm in agreement with most here that Industrial is ticking along nicely, no churn in Aviation is an improvement but Water is awful with a lousy $200k. I don't think the stock will get rerated until this segment improves substantially as this is what I think got most investors excited initially with its potential.
Still this is a better report than I expected but they are still burning through lots of cash which is concerning as you don't want to do another cap raise at sub 8c.
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