zoey1970
Oct 2, 12:13 AM
$BZAI Its been quite some times since I owned this but this.
$BZAI "restructuring" is a joke. Cutting 26% of staff to save
$8M/yr doesn't fix a company still guiding to a
$62-65M EBITDA loss after slashing full year rev guidance from
$130M to
$40-43M in one quarter. That's a forecasting and execution failure, not a cost problem. Gross margin cratered from 58% to 8% because they got caught flat footed on memory costs. A headcount cut doesn't rebuild trust in guidance that just got cut 68%. Watching to see if the
$50M "backlog" is any more real than the pipeline that evaporated last quarter.
1 replies