GSW released their 4C. Wow. I don't want to rub any salt into wounds here, and I feel sorry for holders (see my STTCOMP entry). Some 'highlights':
1) $160k receipts from customers (uhh..? Half of the previous quarter?)
2) $1.2M spent on staff + admin (umm)
3) -$15k interest received (negative..?)
4) Only a small degree of projected growth (using AWS hosting cost estimates as an indication)
This is not great. Hmm. Understatement. Total train wreck. And.. without wanting to be in breach of defamation - so I'll aim it at the company, not the "directors" - This is borderline fraudulent. $500M+ MC, a raise in December of $70M after "contracts" (turns out were not actually contracts) were signed... and they are pulling in $160k...?
