Even after cutting annual opex from US$5.2m to $1.9m in the Dec quarter, they are still running at a hefty loss. The Stemkits integration does not appear to have had a meaningful impact on the viability of the business. I have grave fears for this company now and think it will be lucky if it's operating by next Christmas and I mean that with all seriousness. Perhaps Ryan's wife is being frugal now with cash as per her Instagram post as they are preparing for life after RBO?
Even after cutting annual opex from US$5.2m to $1.9m in the Dec...
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