- Recent SPAC deal reports abysmal Q3 results and significantly reduces full-year guidance.
- Cash position declined by almost $50 million quarter-over-quarter with just $73.9 million left at the end of Q3.
- Chief Revenue Officer has been terminated without replacement.
- Going into FY2023, investors are facing the perfect storm of an upcoming lock-up expiration in combination with the likely requirement to raise additional capital.
- Get out or even get short IronNet due to a number of negative, near-term catalysts and still elevated valuation.
For further details see:
IronNet - Total Disaster - Get Out Or Even Get Short