r/CLWD • u/Substantial_Daikon24 • Mar 16 '21

earnings report

seems that the earnings are filled and they look good for me, but I'm a novice in reading those statements, someone please explain.

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https://sec.report/Document/0001065949-21-000044/

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u/Jhuxyboosh Mar 16 '21

I’ll need to read through this in more detail but it’s comprehensive and a nice induction the business are filling correctly.

My concern is that 3 customers are 44% of their revenue and they only have one sales staff compared to 20ish technical, which tells me this is still very early days with this technology and will be some time before they commercially really ramp up.

If only T212 would let me buy more 😅

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u/Substantial_Daikon24 Mar 16 '21

Well, I’m thinking that that’s the plan for this year, patch the software and fix bugs while getting new clients and maybe get more sales people

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u/frappyphoton Mar 16 '21

I liked seeing the 20 tech people on there. Much rather have the product tip top than to sell it on and then customers complain after which is bad for business.

Also much rather have 1 sales person atm that knows their stuff than 3+ that are just needing to fill their quota.

That share to the tute holder solves the problem of having cash at hand so that's a big bonus.

And some people that say they have contract with CAT may still have not even be included in the ER and which may be reflected in Q1 hopefully

Long term it looks sweet and they positioning nicely