$AXTIB Uh…… Q2 earnings look impressive: revenue up 35% and the unmanned drone business up 3x, but EPS fell 13.8% year-over-year and missed expectations. Cash dropped from 1.2 billion to 598 million—burn rate is way too fast.
What’s even worse: a 9-member AI ethics committee collectively resigned over a drone stun-gun project; the ATF ruled that the Taser 10 requires a federal firearms license; it’s entangled in antitrust litigation; and the $1.3 billion headquarters project lawsuit isn’t resolved yet. With these fundamentals, who would dare to take the deal? Sell and run—target 420. down↘️
What’s even worse: a 9-member AI ethics committee collectively resigned over a drone stun-gun project; the ATF ruled that the Taser 10 requires a federal firearms license; it’s entangled in antitrust litigation; and the $1.3 billion headquarters project lawsuit isn’t resolved yet. With these fundamentals, who would dare to take the deal? Sell and run—target 420. down↘️