On the customer front, the company highlighted multifamily housing as its largest vertical, noting expansion to about 38% of a key customer's Texas portfolio and stating it serves eight of the ten largest U.S. multifamily property managers with an approximate 99% retention rate. New deployments in commercial real estate were also announced.
Nasdaq confirmed the company has regained compliance with the $1.00 minimum bid price requirement after shares traded at or above that level for 10 consecutive business days. The compliance milestone follows a 1-for-30 reverse stock split effective July 31, 2026, which reduced authorized shares from 500 million to roughly 16.7 million.
The stock traded at $5.33 on August 17, down 6.65% on the day, reflecting cautious near-term sentiment despite the operational improvement. The central question now is whether the subscription momentum and margin expansion can outpace the cash burn and sustain the listing compliance that was just regained.
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