Im always suspicious when the quarterly comes out after market close. There is a lot of padding which sadly doesn't disguise the fact that this is a particularly poor result for a company that should be ramping into its growth phase by now.
While I applaud the fact that they are trying to restrain cash burn it is alarming how rapid their spend is.
I don't know where fair value is going to be here but this is going to get uglier first.
1PG Price at posting:
58.0¢ Sentiment: None Disclosure: Not Held