ResultsWell, I certainly can't say I am happy with their overall comprehensive loss for 2021.
The good for me is the increase in avg contracts; the increase in transactional orders; their comment on expected operational efficiences; current gross margins of 40 - 50% (which neeed to be at least 50% or higher eventually); and, the work (improvements) on Platform3.
The bad I see is the cost of Sales and Marketing. Without longer term contracts I don't see Sales and Marketing expenses improving, in fact only increaseing, This will be a signiificant.concern.
I have no problem with higher R&D costs as this is the backbone for improvements and long term success.
These items appear obvious and partially stated or acknowledged but we need to see longer term contracts signed, atain the best possible product margins, keep a keen focus on general and administration expenses, maintain a high level of R&D, and as important, continue to assess new strategic buyouts or alliances / partnerships to support a successful growth path for the future.
Other than their overall loss in 2021 I also fear share consolidation might be on the horizon to think about.
Looking forward to improved quarters going forward.