If the technology is really so cutting edge, how have they diddled away with such a big cash burn, next to no revenue, and an increasing list of non-material partnerships, all during a global respiratory pandemic? This should have been their ticket to success, and it’s been wasted.
Unfortunately, on financials, this thing looks hugely overvalued at $60M. 2022 is going to be tough for many companies at this end of the market.
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