offloaded mine this morning at a small loss ... (amazed I got the chance)
I have no issue with timing of contracts but even with that they have missed their revenue estimates by between 1.6mio and 8.6mio (the spread between revenue estimates and backlog carried forward is exactly 1.9mio , so combining them removes the 'timing issue' gives us 24.4mio revenue vs estimate on 10th May of 26-33mio) and in the announcement there was zero explanation for this given
I do think that Chris Fergus will get this company working but it's just not right for my investment until they learn how to under promise and over deliver
three strikes and your out CFO Leigh Davis, page-6
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