RE:Assessment Here is my honest assessment.
The company hyped its Illumin prospects as a disruptive tech when it's clearly not.
- Revenue growth hasn't improved since 2019.
- Gross margins are declining while costs are increasing.
- Management continues to mislead on their promises that things will get better.
- Share price since early 2021 reflects the truth.
- The company is negative free cash flow
Bottom line, there are better companies that are more reputable and can deliver consistent returns to shareholders.
Stay far away from these guys.