Aug. 14 at 9:00 PM
$FEMY Okay, so dug into the actual 10-Q, not just the headline. The detail that will likely be missed: they raised sales and marketing spend about 38% for the first half,
$2.6M vs
$1.9M last year. So the “they do nothing commercially” take is just wrong. The money’s going into the sales push.
However, revenue was flat to down while they spent more. That’s the issue. Commercial investment is clearly ramping, the revenue proof is the next shoe that has to drop.
Operating burn is around
$5M a quarter, so the
$30M gives them roughly six quarters. That’s enough runway to reach the 2027 reimbursement code and achieve real progress.
Funded, spending to sell, no more excuses. Next couple quarters tell the story.

It has not been fun, but I’m still holding.
