The technology is anything but a proven money maker!
It is so unproven that Nixon wants out in fact! He would not be so keen to get out if he saw ever growing sales and ever growing profits,
The company has even taken the unusual step of warning shareholders that the next quarterly might not be so pretty. Suggestive of many companies paying for a years subscription, or more, in the prior quarter.... leaving precious little to come in for the next quarter(s).
Cessna's are cheaper than satellites no doubt but then drones are cheaper than Cessna's too. Things keep changing and whats a better product one day maybe yesterdays news the next. Nixon see's risks OR he sees a better place to put his money. Either way I would not be sitting here comfortably knowing that.
Blastoff
NEA Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
