Had a first glance this morning and here is my take...- Revenue...

Had a first glance this morning and here is my take...

- Revenue would have been $1.05M if THOR had full 3-months billing which is 40% QoQ growth so they seem definitely on track.  Temporary loss of one month of THOR appear worthwhile and we should know in few weeks what new deal looks like.

- This growth is particularly impressive considering there are no large scale deal signed in this period.  This tells me the traction is building nicely and since nearly 36% sites are with multi-site vendors and growing and up-sell rate impressively growing with repeat customers buying more is a clear validation of market demand for BUD's offering

- The commentary on large tenders/bids appear more measured, assured.  This was wishy-washy 6 months ago.  Time will tell if and when these big jumbos would land

I will stick to my original assessment after July Qtrly which is, they are 6-9 months behind on that J curve we all hoping for.  But momentum is building nicely and as long they continue to sell more OHMs at 30-40% QoQ with few whales closing in, I am OK to HOLD.