RE:IMPLOSIONRemember when they had $5Billion in cash Clowns? That wasn't so long ago was it. And I TOLD you they had a cash problem, but did you listen? Of course not. So here they are now, just a short time later, and their cash position is down 80% from where it was. And what do they have
to show for it?
NOTHING BUT A BIGGER MESS. Well down Clowns. Well done.
Starsearcher80 wrote: Net revenue of $118 million in Q2 FY2023 declined 10% versus Q2 FY2022
Imho, this company is AT BEST on life support, and is now imploding even faster than I thought.
Reported gross margin in Q2 FY2023 was 3% as compared to (54%) in Q2 FY2022.
Net Loss in Q2 FY2023 was $232 million, which is a $216 million increase in the net loss versus Q2 FY2022.
Free Cash Flow in Q2 FY2023 was an outflow of $135 million, a 34% increase in outflow versus Q2 FY2022.
Cash and short-term investments amounted to $1,143 million at September 30, 2022, representing a decrease of $229 million from $1,372 million at March 31, 2022 reflecting primarily Adjusted EBITDA losses and interest costs.
I said it before this release and I'll say it again now. This is NOTHING but
FUGLY