Dear Zippy, thank you for your highly interesting write up on TBTC. It makes me think of GLXZ. I was looking at the TBTC Q2 report ( not a lot of detail there in terms of business context) and noted they also sell systems via distributors? Did you get to understand the economics of such sales? Are they just one off worse( margin) and later on better ( license?) or not? I noted a worsening of the gross margin in Q2 vs 2020 and wondered what you thought about it. Also the company mentioned that they have now 12 systems in backlog compared to 9 the previous quarter. So that seems better than your expectation, Thank you Robert
Dear Zippy, thank you for your highly interesting write up on TBTC. It makes me think of GLXZ. I was looking at the TBTC Q2 report ( not a lot of detail there in terms of business context) and noted they also sell systems via distributors? Did you get to understand the economics of such sales? Are they just one off worse( margin) and later on better ( license?) or not? I noted a worsening of the gross margin in Q2 vs 2020 and wondered what you thought about it. Also the company mentioned that they have now 12 systems in backlog compared to 9 the previous quarter. So that seems better than your expectation, Thank you Robert