RE:S7 projections from the prospectus
I hope they are right, but their statements are forward-looking estimates.
I just looked again at their 2015 financials:
Expenses (Income):
Research and development, net of investment tax credits (Note 5) and
including amortization of licenses (Note 9): 7,637,779
Sales and marketing: 1,769,853
General and administrative: 3,003,615
And their expenses for the first three quarters of 2016: $11.6
I know Raouf is hardnosed, focused and keen on cutting costs, but again it's hard to see them cutting R&D to $3.5 million from $7.6 in 2015 and more than $12 millin in 2016 just as VR/AR and data centers are heating up. I'll be very happy to see how they did in Q4. That'll be a good indicator or things to come.