BSquare's 3rd party software reseller agreement with MicroSoft has long been a key foundation of the company's revenue stream and profitability. Over the past decade the company has consistently generated profits with their 3rd party software division, broken even on engineering services and lost money on the proprietary software.
The MicroSoft reseller agreement being renewed again is a positive step in the Jerry Chase led turnaround. Latin America and Africa being added to their territory is also positive. The rapid growth most Latin American countries are experiencing is an opportunity for BSQR in both 3rd Party and Engineering Services.
In the conference call Mr. Chase projected generating a GAP profit in Q2. That demonstration of "blocking and tackling" execution will be another important step in generating renewed confidence within and outside the company.