Cash FlowAKYA ended Q2 with $49M of cash, compared to $62M of cash at Q1, and it's not abundantly clear how it'll achieve operating cash flow breakeven at year-end.
Financial PerformanceAKYA announced its third workforce reduction in 13 months, and lowered its 2024 revenue guidance in back-to-back quarters.
Investor ConcernsConcerns about the Board and management's repeated moves to cut headcount ahead of investing to grow the business, which gives concerns about employee morale and employee motivation levels.