TSXV:EAST.H - Post by User
Post by
Riskitbiscuiton Apr 08, 2020 7:36pm
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Post# 30892304
Q2 Financials
Q2 Financials Positives
- Management is actively trying to reduce unnecessary costs: decreases in consulting fees, professional fees, travel expenses, share-based payments...etc
- Overall, expenditures and operating costs are down from previous quarters
- Profit margins up significantly over previous quarters
Negatives
- Profitability seems unlikely in near term (Q3 and Q4 2020)
- Very low on cash, another capital raise seems very likely
- Sales down overall (despite higher margins)
- Macroeconomic situation looks bleak