It is not a SaaS company. Its manufacturing costs of hardware and inventory is quite large. Suggest you do a dive into their annual accounts over the last 5 years. Despite the CEO trying to convince shareholders that its a SaaS company, in his own words, he admits the capital required for product production and inventory is significant.
The chairman admitted to me that they have so far failed in their efforts to build a sales and marketing team which was announced as a strategy when the current CEO took over 4+ years ago.
In the words of Kickit2me this is a highly speculative stock. (my adverb)
DYOR is not just a saying....
SP3 Price at posting:
1.7¢ Sentiment: None Disclosure: Held
