Big ticket, small group of customer ~100 customers. Some customers would be in a very tough spot.
The funding is to keep the hamster wheel going and the new amount will allow us to get to profitability.
Burn was and is much much higher than where we will end the year. (I'm learning) there's a lot of work that goes into getting cost out of the business while preserving as much revenue as possible. We just unfortunately haven't been able to cut cost our fast enough without having to be dependent on this next round of funding.
The funding is to keep the hamster wheel going and the new amount will allow us to get to profitability.
Burn was and is much much higher than where we will end the year. (I'm learning) there's a lot of work that goes into getting cost out of the business while preserving as much revenue as possible. We just unfortunately haven't been able to cut cost our fast enough without having to be dependent on this next round of funding.