RE:RE:RE:RE:Hey, management q1 aris had positive adjusted earning of $11.2 mil. the loss was non-cash as happens many times because of the warrants they have. just because the share price goes up q to q, that creates a non-cash loss. if the share price goes down q to q, they have a non-cash gain.
plus working capital changes hides the cash generated.
accounts receivable increased by $8 mil,
accounts payable decreased by $6 mil,
inventories increased by $3 mil.
for a net positive of $17 mil.
if these did not change from previous q, they would have an additional $17 mil cash on their cash balance.
people panic because they don't understand financial statement + effect of margin call possibility when share price drops.