Dec. 12 at 11:45 AM
$CISO 27 million a year in revenue. Losing 11 million a year. 2.5 mil debt and 1.1 mil cash in hand. Figures provided by chat gpt.
They’re a company that are still losing money. Plain and simple. The 10 million of new booking that Dave stated would have righted the ship completely (assuming recurring contracts and a little more growth) they can still pull a rabbit out of this hat. They just need to sell checklight. We’ll see what the next 2 quarters bring. They will likely dilute to meet their operating cost needs. Is what it is. But don’t let the naive tell you that this company is out of the woods, and don’t count your dividends yet… that’s for sure. This one is a flyer now more than ever considering their saas rollout is slower than anticipated (for reasons unknown to us) glta im gonna hold as hard as it’s been to see if they sort this out. I don’t want one bad quarter to scare me away. The real problem I have here now is mistrust with the CEO
