RE:RE:Results are out. Check newsVery pleased and encouraged by these results. I am also glad to see they have written down the exception one-time cost as part of Q4. This will clear the balance sheet and provide better optics as they move into a very profitable 2021.
This kind of accounting move will remove overhang form future earnings and also help identify true NAV/NEV.
Also this from the NR to be noted:
- Purchase orders for 25,000 devices - Subsequent to December 31, 2020, the Company has received blanket purchase orders of approximately 25,000 devices from its existing and new customers, including New York City. These devices are planned to be rolled out during fiscal 2021. In view of the global shortage of certain components, the Company has already placed advance orders in attempt to mitigate interruption in production. The Company is actively working on various other opportunities in its pipeline.
Great things ahead.. Looking forward to Q1 shortly.