Post by
PrairieInvestor on May 03, 2022 6:06am
Q4 2021 Take-aways
Positive: Revenue was strong. $212K revenue is the highest since Q3 2019. Gross profit highest it has been in over 2 years. Cost of revenue considerably lower in Q4 compared to Q1-Q3. Top line growth should be the primary focus of this company while controlling spend. Siascopy revenues highest they have been since 2019, with mention that much of that was service rev and not hardware rev.
Negative: There are many...cash is a major concern moving forward. CEO and CFO resigned in Q1 2022.
This company needs to be transparent moving forward. Set realistic short and long terms goals and how the company is going to achieve those goals. Then update investors on how you are progressing toward those goals. Each news release can tie back into the goals previously set. Fundamental stuff really.
Comment by
hopefull on May 03, 2022 7:52am
agreed. Accountability to investors is primary . Stating goals and then pointing to those goals with achievement. Up till now it's been quite whimsical in the leadership approach without direction. Again the board ought to step in