RE:RE:RE:Q1 FinancialsWell first question if they are taking questions will be.....
So can you provide some clarification as to the breakdown in revenues as to what is supply the revenue streams into the $273k?
stripping out non cash items on the Expense side I get Expenses of $1,776,973 so take that out to end of year Q and they need to cover that to be CF+. With a 70% Gross Margin they need to take in $2,538,000 in revenue for the Q to break even on a CF Basis. Operationally. For your info Ammortization is a non cash item removed and also stock based compensation is a non cash item removed for the Expense side to come up with my numbers.
That is $850k a month in revenue required. So things have to really blow up here. Its beyond OB'd and other revenue streams are coming in to get there. imho. OR......
Now as I explained before as well they can run Accounts Receieveables in real fast and slow down Account Payables and achieve CF + as well. You bring in $1,000,000 in AR in the Q and you Don't pay out $1,000,000 AP in the Q and you are net $1,000,000 CF + as an example. SO there are a few ways to do this CF+ thing. And with that in mind you can still have a loss and my above commentary on what they need to cover expenses is mute as they have run it operationally via AP and AR to get there on a CF basis.
Well one thing that is consistent there is much to be clarified on Monday. Will she clarify it or not?
But I believe some estimates came in at around $300k for revenue and expenses to be around $300-400k a month from my end. $600k a month in expenses to cover on a cash basis so was off on that quite a bit.
GLTA.