So they received 210k from customers but it cost 327k in manufacturing cost (plus stupid amount of staff and cooperate cost ) .I'm guessing the discount on the rova they where selling at a lost.
They claim 1.6 million raised from share offer but only have 900k cash left this quarter and it cost net cash 947k to run last 1/4
The rova is probably dead now as you can only find it at a bug discount now . So they have one product left that is getting more and more competition . I see similar phone size drones now for under $100. Where does it out line how they going to improve over the next 1/4 to a year .with technology like this it's out dated after a few months. Do the have any new products coming to market.
IOT Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held