This business requires capital to manufacture the routers.
Once the routers have been sold, most clients would subscribe to the CIO cloud service for a monthly fee.
Clients can upgrade firmware, restart routers, troubleshoot etc.
In my opinion, that is where the money is. Most clients would not move away from a company that can deliver on its promises with prompt software/firmware updates and also provide a stable platform.
However, I agree that CIO needs to be more clear and concise when the make announcements.
AI needs M2M routers, I strongly believe that CIO will break even by the end of the year.
Just my opinion...
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