RE:Results out And, they lost a crapload of money. So much for all their hype and promises on their best quarter to date.
I still think they are at least 6 months from turning a profit, at least.
Net loss for the full year 2020 was $4.4 million, or $(0.17) per share, as compared to a net loss of $5.0 million, or $(0.21) per share, in 2019. Net loss in the fourth quarter of 2020 totaled $0.6 million, or $(0.02) per share, compared to a net loss of $1.8 million, or $(0.07) per share, in the fourth quarter of 2019.
At least they lost less money, which is nothing to cheer. I wonder how much longer they have before they need to take on more debt?
This was my entire issue with the company. There was no way they were going to turn a profit and management knew it. But, lets deceive prospective investors anyhow. I would be far more inclined to give management credit if they had been transparent, but that's a foreign concept.