Pretty lousy update. Not much happening. If they reduce their expenses they will get to profitability fairly easily which is reassuring. The first step is refocusing on what's important. I still think they spent way too much on Contact Light app development. Something that could be made on Freelancer for not much more than $10k.
Let's see what they pull out of the hat next. On an EV basis they should be at $20 million for their current assets/contracts.
Ann: 2017 Company Update & Outlook, page-2
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