My opinion is the customer acquisition is going as good (better?) that anyone expects (except maybe Mr Optimist @pintohoo ).
I feel that people have set unrealistic expectations around other factors (that at this stage are almost irrelevant to analysis of this business).
I feel that timing of a US listing is irrelevant for anything other than short term trading. I feel that profit is irrelevant for at least 2-3 years. I think that revenue should be closely tracked only from Apr-Jun quarter 2016...
They have always said that textiles/chemical is a slow moving beast. It takes a long time to setup the production line and to go through testing.... Once that testing is done, however, the customer is yours for 5-10 years at least.
The factor that makes revenue come so long after first trial is ordered is also the factor that means customer retention will be simple as pie. I feel that many people don't understand that.
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