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stockvader wrote: they are losing more than in 2016. share count doubled too
Comprehensive loss for the year $ (2,004,588) $ (3,303,463) Weighted average number of shares outstanding 77,595,867 38,581,511 Basic and diluted loss per share $ (0.03) $ (0.09)
Loss before other items (1,946,425) (1,558,649)
So 20% bigger loss than in 2017.
No, they are losing less (the number on the left is 2017 and on the right is 2016).
Also, it's important to point out that they spent 500 000$ more in marketing - which was at 90% in Q4 so the outcome of such expenses at very little materialization effect on present financials statement
Btw, you can see that revenus explosed close to 50% while expenses not that much, witch will set the pace for exponential growth. They are able to keep their very heatlhy margin even while scaling up the client bases, as discussed several times before.
Finally, profesionnal fees in 2016 we're for listing and RTO , in 2017 it was to breakdown USA and Europe market to drill efficiently by hiring specialist to theses matters. I think the company is very much doing the right moves to generates multi millions revenus by 2018 and profitability in Q2.
Best Regards !