"The Company currently expects revenues in fiscal 2012 to be at a level similar to that of fiscal 2011. Versant plans to make significant investments in research and development in order to execute on our new strategic initiative to develop dedicated Big Data analytics software. Additional marketing resources are also necessary to make the initiative a success. As a result of these investments, we currently estimate a net loss of approximately $1.7 to $1.9 million for the fiscal year ending October 31, 2012. Versant expects net cash from operating activities for fiscal year 2012 to be minimal."
The company says the growth of mobile devices has created significant opportunities for a new expanded version of their product. I don't know whether to take this as an outstanding opportunity for them or that their current business model is not working so well. The company up until now seemed to be sputtering along OK and I've thought the stock price should be higher. I've held this thing longer than I should have and now I don't know whether to sell or wait a year or more to see what happens.