@stocking Compared to ICQ personally I think LAA are a better bet. Its taken ICQ years to have the same revenue that LAA currently has. Circa 50% of their loss last year was marketing and given there current state of acquiring listings, dealers and consumers/users its not an unreasonable expectation for this to be the case.
That said a loss of 12M last year means that at some point this year another CR is going to be required, at current current burn this or next quarter. If I weren't already a holder I'd be saying watch rather than a buy right now. I'll be mighty annoyed if I'm still here in 18 months without a balance sheet thats pretty much balanced.
LAA Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
