May. 21 at 4:14 PM
$OM I listened to the RBC Conference. Overall, I think it is positive. Three things stood out: 1) Confirmation that Tablo 2.0 will be sent out in Q2 with a full ramp up in Q3, 2.) Clarity on path to breakeven income-wise (need to get to roughly USD 180 p.a.) and cash breakeven (I estimate both breakevens will happen in 2028) 3.) The new concept of "Refresh" where older machines that have been in operation since 2019 are due for a "Trade-in;" and that this Refresh will take a portion of sales in 2026, 2027 and beyond (and more importantly, it has not been part of guidance thus far, so it is on a "Guidance Plus" basis). I honestly believe that they will be in the low to mid USD 130s this year (i.e., exceed guidance)
