RE:J.P. -Review: Thoughts & Analysis on My Interview I just listened further into the JP review here at this point: https://youtu.be/AUT0tVVbdAU?t=580
He talks about the burn rate $13.5 million where that gov't contract (s) bring down the burn ever so slightly - arguing that these sales contracts dollars will follow in the coming report due out soon he sounds optimistic I am not (we will see) ... I wonder what the burn rate is for the Xtract subsidiary?
JP should ask the really tough question- Is the Xtract gov't contracts enough to cover the operating costs of the Xtract subsidiary considering they have yet to expense any of its capital cost being $22,993,819 of Goodwill on the balance sheet?
JP already admits the amount of customers is few "at the moment they really only have a small sample size of customers" https://youtu.be/AUT0tVVbdAU?t=247
Add to that the loss to subscription revenue rather than an upfront sale (like leasing instead of buying a car) ... IMHO subscriptions will never cover the burn rate company due to the small sample of customers- company will be out of cash in no time and judging by previous quarters they will hardly touch the capital assets sitting on the balance sheet with no explanation given as to why that policy continues.