The amount invoiced for the quarter tracks a lot better, the problem seems to be in actually collecting payments. This quarter was particularly bad for that and I suspect the macro environment will have influenced this, with a lot of businesses delaying payments as long as possible at the moment. Given the size and strength of Pointerra's major customers I'm not particularly concerned about bad debt, but it is concerning for Pointerra's cash position in the short term.
3DP Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
