Essentially a startup company post peak hype is what I read. The hype just peaked a whole lot higher than normal.
It’s a cashflow watching game now until they can at least pay salaries. After that a revenue game. Standard.
I predict a price drop in line with that profile down to about $.40 and then the long, multi-year slog into a viable SaaS outfit. Perhaps one of these giant contracts takes off (like NAW) and starts bringing in wads of cash, but I doubt it. I suspect it will be a much more modest ramp up, at least for the next 18 months.
GL all. IMO. DYOR.
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