Initial Take on the Preliminary 1Q24 Results For me, the clearest metric to understand in this morning’s release was the revenue increase from $1.8mm last quarter to maybe $3.2mm this quarter. That’s a 42 increase in sales in just one quarter. That looks great to me. And more than the $2.6mm I was predicting based on my modeling. This should also help reduce the quarterly cash burn closer to $2mm. Getting to be pretty small potatoes here.
I have a hard time figuring out the subtleties of new bookings vs. agreements pending installation vs. expected contractual backlog. If someone can explain the best way to understand at those numbers, by all means. Otherwise, I guess I'll need to start educating myself on these items.
This said, I would imagine the huge $5mm-ish boost in new bookings and contractual backlog were primarily driven by the Disney Japan deal, although if I’m wrong about that, please feel free to correct to me.