Quarterly looks good. Cash burn is ok @ $150k/m. One off acquisition costs dealt with. Almost all mining assets disposed of. Initial launch set for early September (6 weeks until week of Mon 12th Sept)
Paid per seat B2B play leveraging MS O365 user base as initial download market plus Consumer app exposure. Great partnership between the two. Would expect possible revenue upon global launch early 2017 (6 months) with 3rd party partnerships announced along the way. Also Bing search integration to increase retention of users within the Thred ecosystem.
They have been testing A & B versions of the consumer app according to the prospectus and have rebuilt its functionality under a new UI/UX leader to mesh with MS open applications to improve workplace communication and collaboration. That's my interpretation.
It's all very good stuff really. I'd expect some 3rd party partnership announcements along the way. Names have been suggested in previous posts.
Getting there..
Quarterly looks good. Cash burn is ok @ $150k/m. One off...
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