Low cash plus high burn rate means they will have to refill the till again soon. Unlikely to be cash flow break even until maybe late this year or next. Guidance weak near term and maybe stronger towards end of year or next. Top line growth insufficient and needs drastic improvement. Another equity offering could be highly dilutive. Bulls like technology but it needs to make money to reward shareholders. 2014 looking like yet another transition year. Probably best to wait until after secondary to consider buying this stock.
They said on conference call that 2013 was a transition year. Fourth quarter results were hurt by a delayed delivery. 2014 off to a strong start. Based on this, one may infer first quarter and 2014 should be strong. Yet guidance does not seem consistent with this. Hard to know if this is lowball guidance or optimistic management hype. Let's hope 2014 is not another transition year.