Tenet Fintech Group Inc. C.PKK

Alternate Symbol(s): PKKFF

Technology Software - Application

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members.

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Tenet Fintech Group Inc. > new video interview

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Comment by PunkRockyon Oct 08, 2022 2:37pm

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Post# 35014185

RE:RE:RE:new video interview

TimSanders wrote:

lscfa wrote:
CEO still saying co. will hit 2022 revenue target but was not asked about cash burn.....

May 30 NR - "Tenet also announced today that it has revised its guidance for 2022. The Company is now forecasting revenue for the year of $210.0M (down from $345.0M), EBITDA of $6.5M (down from $81.8M) and a net loss of $11.3M (down from net income of $51.4M)."

Sept 27 Prospectus - "….. the Company now anticipates it will continue to have negative cash flow from operating activities in future periods until profitability is achieved, forecasted to be by the end of fiscal year 2023, as it resumes investing to expand and grow its operations in both China and North America."

cash burn is through the roof. Make 50 mill whike burn rate is 100 mill