RE:RE:Interestingmcappro wrote: Where are they using $2-$3M per quarter? The recent annual performance shows just over $1.1M in Adjusted EBITDA loss (cash burn) for the 9 months for fiscal 2023. The company has a strong balance sheet and no debt, increasing revenues and good gross margins. I don't see a lot of downside risk here, albeit the microcap market is unpredictable and does not reflect the value of the company at these levels. The institution of a share buyback program will continue to benefit the long term shareholders. I did not get the impression that a share buyback is not going to be put into place from the CEO's comments, perhaps they needed to be outside of the earnings blackout period to do so - which they are now, I believe.
Look at the cash balance on a quarterly basis.... It's not going up... :)