Q: what is your take on this company?
5i Research Answer:
Momentum is certainly not great here, with the stock down 78% YTD, even with 'AI' in its corporate name. It recently raised $9.5M. It also raised money in April. It also consolidated its shares 1 for 3 this year. The company also continues to report substantial losses with no clear path to profitability. These factors, along with its small size, make us less interested in the stock. Investors do not like consolidations and the stock could be in the penalty box for a while. Constant share dilution is not helping, of course.