I'm in agreement with most here that Industrial is ticking along nicely, no churn in Aviation is an improvement but Water is awful with a lousy $200k. I don't think the stock will get rerated until this segment improves substantially as this is what I think got most investors excited initially with its potential.
Still this is a better report than I expected but they are still burning through lots of cash which is concerning as you don't want to do another cap raise at sub 8c.
I'm in agreement with most here that Industrial is ticking along...
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