TSXV:EVE.H - Post by User
Post by
reallyBobbyZon Feb 13, 2021 11:50pm
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Post# 32563761
MEL R's Note "lower monthly BURN RATES than comparable"
MEL R's Note "lower monthly BURN RATES than comparable"Mel R's note/letter says EVE has "lower monthly BURN Rates than those of comparable footprint".
BURN means EVE is spending more money that it can make in profit from selling its products.
BURN means EVE is losing money....every month.
BURN in Q3/20 financials was over $4.22 million for those 3 months.
EVE is still BURNING cash today....as per Mel R.