I have commented on this before and my expectations are unchanged. I expect a significant reduction in the burn rate and a trend line that indicates all is well.
i expect that the recurrings will increase 10% and the useage based 200% (dont get excited - its off a low base). That would mean about 150k. That would take revenues to 650k for the quarter and cut the burn to around 500k. Given that they reported 3.7mil at the end of March, the new number will be closer to 3mil in the bank (or 6 quarters of burn at the current rate.
Anything better will be a celebration. Anything worse will justify the current price.
If the trend line continues they wont need to raise more cash unless for aquisition - JHL for 1 mil?
I have commented on this before and my expectations are...
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