Definitely better than I was expecting. With only 1 launch last quarter I was expecting them to lose like $2m. Also, 1st Detect is starting to sound very compelling. Nice to see all the new hiring there.
Cash loss was only $0.3m because there is about $0.5m depreciation every quarter. Expenses was only $1.9m compared with $2.5m the previous year so costs are getting put under control to ensure long term solvency.
Did you see how much GSE revenue is left on the backlog? I figured it would have all been booked last quarter, but apparently not. The current quarter (march 31st) is going to be good anyway because of the heavy launch schedule, but if they add in the remaining GSE work it's going to be a blowout.