Not only is the company loosing money - there is realistically no end to loosing, in sight - TXTR is not Twitter or Facebook - those companies can raise unlimited amount of funds with little impact to their market cap to drive their growth. $4m is plain crazy
The minute TXTR announces another offering in the next 12 months - it will tank like a piece of lead - keep a close eye on the books at the minimum - some of the professionals are already out. Everything has a right price - for TXTR it's definitely south of $15 closer to less than $10 IMO. If they are smart - they should "maneuver" to create a profitable qtr by year end and go for a quick secondary offering.
I have to agree. $4 million and the company is losing millions every quarter with no real viable sales vehicle. Here is the problem - general contractors don't spend money on technology very often....they need somehting exciting to sell....something that will actually help the contractor find new business and make money.