51k lft in cash. That is fuked. They burnt through 1.5m in a year. Now they have to tap the loan of 1.5m which means if revenue doesnt rise then in a few years the lender can call in the loan and take the company for free.
Positive is cash burn is down to 550k.
They need a few deals ASAP. The security deals sound promising and i reckon that is where the money is gong to be and especially if they can get into government deals.
Will be interesting what this new Ai capabilities will be. I reckon they took some lessons from magnifi and are trying to copy them now.
Its a waiting game still
51k lft in cash. That is fuked. They burnt through 1.5m in a...
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