I have been a long term holder too. I expect that revenues will...

I have been a long term holder too. I expect that revenues will continue to grow. However, given the cost of running this business I would say it will take time before they can start producing profit and stop burning cash.

IOT is still very fresh technology. IT world is moving from capex to opex and it started after GFC by the introduction of cloud which really took off. Trends like IoT, MSP (a bit older concept) will continue to become more and more popular. It is no longer about owning equipment but about having a service provided with an equipment owned by a MSP. It is simply less problematic as you don't need to migrate data when replacing your data centre to new equipment. It becomes MSP problem. Same with CT1 - they will have to provide quick exchange service for the broken tags and will be MSP themselves.