RE:Small Cap Discovery UpdateLots of great takewaways with this presentation.
- 500K in revenue was deferred to Q2
- New products in the pipeline
- New rev rec model will be introduced which will front load revenues over the entire product lifecycle.
- OpEx will remain stable at 700K over each of the next 3 quarters
- Scale of deals and sales is increasing by magnitudes / new use-cases being successfully adopted
- BeMini has shown great demand so far / 3K+ unit sales last month will be reflected in Q2
- AT&T will be coming online for BeMini distribution this Q
- Company is expensing full R&D vs deferring it
- NCIB will be activated
- Loan and Partner detail will be forthcoming.
Great things ahead..
Also.. CEO just filed that he is now over 10% in overall share ownership. Looks like a precursor to more buying or sginificant NCIB action.