Every quarterly report seems say something about customers overstocking or otherwise delaying orders until the next quarter, thereby excusing lower revenue than expected.
Revenue Q4 22 was $24.3m and just $14.7 for this Q. A very long way to go to achieve even a 'trend towards $100m revenue on 2023'
Got to be in to win
"The global Internet of Things (IoT) market is projected to grow from $662.21 billion in 2023 to $3,352.97 billion by 2030, at a CAGR of 26.1%... Read More at:- https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307" https://www.fortunebusinessinsights....-market-100307
Some say this IoT isn’t anything special these days and is becoming ‘commoditised’ so they might struggle to maintain those margins.
Is there a next big thing for them?
NBT
"“We have made great progress on our product roadmap and are expecting to launch a new cellular
controller, a SCS controller that has cellular communication embedded in the device. This is vital for our
market entry strategy for North America and Europe. We will also launch a 25 watt motor which will allow us
to take share in the food retail market.”"
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Originally Posted by kiora
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