RE:needles to say, distribution of content on platforms is the This quarter was much better than I anticipated. Expenditures were down as expected during this time as the cash on hand wasn't there and they were in survival mode, but revenues were higher than I thought. Content and production costs have always been the highest consistent expenditure line item and this was relatively low this last quarter coming in at 513k. I fully expect and invite this number to increase to support newly added distribution deals.
I still anticipate net losses in the next couple of quarters due to costs of new deals and the ramp up in content/production, but they now have the balance sheet to finance this growth given the cap raise and then become profitable in the quarters that follow. No doubt the ad/marketing deals are coming given how they are performing in recent months and as the world makes progress in rebounding from COVID. Top line revenue will increases dramatically quarter over quarter.
Overall, impressed with the results from this quarter and managing expectations for the near-term couple quarters ahead by anticipating larger net losses...but after that...things look very very bright.