EUR 59bn market cap client with 72TB of data and the only committed revenues are USD312k for 12 mths....and that is an annual subscription with no termination clause
Look a contract is a contract, but if you (a) either can't get remunerated appropriately for the service provided and/or (b) having to literally give it away to get your foot in the door then this is not a long term viable business
The kicker to shareholders; i.e. you have been given notice regarding 1Q24:
"As previously advised, the Company again notes that quarter-on-quarter cash receipts maycontinue to be variable as new customers are onboarded with a variety of different paymentcycles including monthly, quarterly, annually and even multi-year in advance agreements."
Plenty of partnerships, deals with large companies, promise of 7-figure revenue subscriptions and the reality is of ~8-9m in annual revenues, losses of ~3-5m, cash outflows of ~2m and cash in the bank of 1.5m.....for a MC of 70m. I'm a holder, but this makes no sense unless revenues are in the 15-20m mark and profits are ~5m
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