Ann: Share Purchase Plan - Offer Letter, page-12

when tesserent is cash flow positive?

I've followed this company since ipo and they claimed then to be cash flow positive. Since that time there has not been a single quarter which has demonstrated an ability to be a cash flow positive company. As they have reported "growth" on every occasion this was associated with an even higher operating expense every time. It is hard to see upside to a company which is providing security services that is not able to reduce operating expenses as its customer base grows (or in other words provide the service more efficiently so that it can start making profits).

DYOR.