What changed
Revenue was $52M, down from $70M a year ago. Net loss was $93M. Bookings increased 73% quarter over quarter, and free cash flow turned positive at $2.1M, supporting management’s claim that the restructuring plan is working.
Why it matters
Revenue was $52M, down from $70M a year ago. Net loss was $93M. Bookings increased 73% quarter over quarter, and free cash flow turned positive at $2.1M, supporting management’s claim that the restructuring plan is working.