This coming Saturday, October 5th, will mark seven months since announcing they had reached 9,000 VSAT systems deployed. It took them 7 months and two weeks to go from 8,000 to 9,000 units. Really thought they would have reached 10,000 by now especially given they are supposedly growing at a double digit rate yoy.
They have 38 job openings, and roughly half are for IoT positions. Yet, the level of clarity on the new business has been, at best, clear as mud.
The inertial navigation segment continues, as it has been for a few years, to be the big wild card here. Although, with what seem like exponential opportunities they have thus far been rather muted.
Roughly 30 days until 3Q results are announced. Hopefully some TRUE granularity on all aspects of the business will be put forth.
To be an investor in this company the past ten years required a good bit of optimism they would/could finally execute. The time has arrived to do that. |
