This is such a high risk stock. No new clients announced in ages! They won't say it but I think they are well behind what they anticipated in terms of companies using their solution. Add to this an outrages burn rate and no revenue in the last quarter and the jury is out!
The only thing they have going for them at the moment is the $40M they raised last year, which they were very very lucky to get. The next quarterly report will be better but that's only because the last quarterly was awful. You would want to see a very significant increase in revenue and a very significant decrease in expenditure to have some positivity about the future.
I wouldn't mind the company releasing something remotely positive to the market soon! It's been too long!
1PG Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
