5/13/24 - $stxs - beware if you blindly own this; downside > up

5/13/24 - vrockstar - incredibly lump results, and surprising stock remains bid even after the last two whiffs (big whiffs too). cool tech. would like to see this win, but burning 10 mm a year w/ 20 mm in the bank, some complications in the stack and overall worth north of $150 mm... is a tough one for me when i can buy profitable software w/ better mgns, growing sustainably and struggle to command even 4x sales. i get it. i get it. different industries. but in this mkt a lot of these smaller (call it sub 5 bn - though i recognize this one is substantially smaller) names are getting lumped together until powpowpow in 2H. in which case, i'd AT MOST be paying 3x sales and probably closer to 2x, which still puts this stock -50% from here. burning a post to caution anyone who owns this who hasn't done some deeper DD that the math, trends and recent stock performance seem to spell more downside, not upside.