With some decent hires, they could make some pretty valuable which is way ahead of the competition.
Still a very competitive market. Very difficult to gain market share with everyone trying to protect their own share. $100mill was handed to them on false pretences (it seems). Of course the company needs to push forward with their business plan thus, undoubtedly the new hiring. They have a product, it has sold and been used, there are prospects and trials, so not all is lost, but based on the financials just released and the prospects, realistically, is it currently worth a $77mill marketcap? There are a few cheaper techs out there that seem to have good prospects too but doing better customer and revenue growth wise.
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