RE: RE: Q2 CC "Yet here we are with a very low share price and the main reason is poor communications to the street."
I disagree - the main reason is simply, profitability. Expenses are way too high for the revenue. Management keeps thinking and saying revenues will increase to cover the expenses - after demonstrating for 3 years this isn't happening, it's time to re-think the business. CUT EXPENSES - CUT R&D - CUT MARKETTING --> make the company profitable. Revenue growth might slow due to decreased R&D spending but will provide some shareholder value. If the shareprice appreciates after that perhaps it can be leveraged into some growth.
Take a look at the cumulative R&D spending from 2008-2012. It's ridiculous how much money has been spent on development without significant revenue growth or profitability.
Even a modest reduction in R&D expenses by 15-20% will have a significant impact on the bottom line.
In 2011 the company spent $11.5 million in R&D, and $14 million in S&M. Reducing R&D by 20% would have added $2.3 million to the bottom line. Reducing S&M by 10% would have added an additional $1.4 million... for a total of $3.7 million.