Member Info for LawrenceHut

30th* September, not 20

From 31st March to 22nd September, it was 185K-151K= 34K in total, not 38K. And I think about 55.5K - 32K = 23.5K in the US.

Say 36K by 20 September, that's 6K/month globally. And it has not accelerated after that — if anything, it has slowed down a bit.

Don't get me wrong, I think it's a tremendous company, but there might be disappointment in the numbers if you don't have an accurate picture of the company. And Craig disappointed in the FY call after the numbers they communicated in Feb. They might do the same with EBITDA.

I have little doubt it will turn positive on a runrate basis (assuming Y2+ margins for all devices), but I don't see how they can achieve that by March.

Indeed, and we are likely not at 200K devices installed yet. I'm hoping we will reach it before the call, but I'm not even sure.

Frankly, I don't see how we can be EBITDA positive, even on a runrate basis, by March. A lot of Leakbots would have to be installed in the next four months for this to happen.

Still, at this rate of customers acquisition, downside is fairly limited in the long run. But it needs to accelerate for this to be a good investment.