Tyro is short of cash to adequately fund the high cost of tech development needed to stay competitive. They undertook a twitter style cost cutting exercise in staff to get to a cash flow neutral / positive position and stem the losses, but it is at a big cost to software development that will come back to haunt them as they become less competitive. Their legacy 'backoffice' software stack is deficient and dated. After 20 years, if they can't turn a profit says it all. Also reconsider what were the real reasons key founders were happy to unload shares in an IPO... and it was not because the company had outstanding prospects... Tyro is buying market share on price, but that is not a winning strategy...
TYR Price at posting:
$1.38 Sentiment: None Disclosure: Not Held
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