• In Q4-2021 (ended October 2021), the company recalled outdated versions of its products, and started replacing with updated versions. As a result, revenue declined from $1.31M in Q3, to $0.40M in Q4, and $0.47M in Q1-2022 (ended January 2022). Q1 revenue was 77% below our estimate. Shares are down 49% YTD.
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