<<<"Despite these conditions, this quarter we still reported the fourth highest comparable trailing twelve months revenue of over $40 million, ...">>>   

 

Seems like they must spend a lot of time digging deep to come up with some kind of statistic that is not blatantly negative, to attempt to disguise a bad result.  The "..fourth highest comparable trailing twelve months revenue..." isn't exactly a statistic investors and analysts are used to hearing, or are looking for.  PRODUCE something normal (like quickly growing revenue for an essentially start-up company) you can state proudly  in straight-forward statistics. Then report that and let it speak for itself. Too much to ask ? Of overpaid execs ?