It doesn't appear the cash burn will escalate further (in fact went down in last Qtr). May be more spend on inventory going forward but its obviously a good thing.
They seem to have more and more multi-site customers buying more and spending more. Churn is not a good indicator at this point of product cycle but it's still good to hear most are sticking around.
Also down select on a large bid from 20 bidders to 2 for a brand new product validates the offering. there are a number of different size deals in pipeline (by memory 500 odd few months ago) so with a strong offering, at least some may stick and eventually lot of others will follow.
I am also keenly awaiting what new MO deal will look like. I certainly hope it's better than Digicel.
They did very well on last raise and have enough ammunition for another 12 months and is the reason it is at $100M EV imo.
But I agree, by mid-next year, investors will get jittery.
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