Earnings week!Earnings day...
Flat revenue
Negative EBITDA
Cash declines below debt on the balance sheet
Goodwill writedown
Pause WiLan sale process until conditions improve
Then...
Analysts slash targets further
The first analyst highlights 4-5 quarters of operating cash flow left at these burn levels.
Eventually...
They will have to pull a Musk and cut 50% of people and shut down WiLan operations