The 4C was not great, but the net results was better than I feared. I thought that the addition of Limepay would increase revenues but also increase costs even more. But the net results excluding R&D is stable. If these revenues are not exceptional, I see a path. First, restructure that DW and free up cash. They have to increase runway. Then squeeze staffing. This has to be a priority to demonstrate scalability. Not a fan of Elon, but they got to do better and maybe be ruthless here in managing their operations. If they increase revenues by 20% and decrease costs by 20%, they're flat. Yes, I know, this is overly simplistic, but it also highlights that this is not out of reach.
SPX Price at posting:
0.9¢ Sentiment: Sell Disclosure: Held
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