Peter Singh's questions to LLAP leadership • Q3 2023
Question
Asked for the expected Q4 revenue based on the full-year guidance, whether the due diligence on Rivada considered payment delays, and for thoughts on a proposal from individuals he referred to as 'cofounders'.
Answer
Management explained the full-year guidance of over $130 million is conservative to avoid future downward revisions, implying a lower Q4, but this accounts for uncertainty on some programs. They reiterated their confidence in Rivada's funding source despite the surprising delay. The CEO corrected the questioner, stating the individuals mentioned are not co-founders, and noted that if they wanted to be helpful shareholders, they would share their purported pipeline information with the company.