Jul. 9 at 4:04 PM
$SPCB The only criticism I have is that I wish management would provide a little more detail on the size of these contracts. Saying it’s “more than double the size of any previous U.S. contract” is encouraging, but investors still don’t know what that really means in dollar terms or over what time frame.
For example, if the previous largest U.S. contract was around
$2.5 million with California, does that mean this new contract is roughly
$5 million? And is that spread over one year, three years, or five years? Those details would help investors better understand the true financial impact and model future revenue.
Overall, I think management has made great strides in improving transparency. Adding a little more color around contract value and duration would be another big step forward.
