We Need A Bridge To Reach More Revenues.I don't know what they will do but something is needed soon to bridge these times to better revenue days.
Q1
AI = 1,643,000
Health = 2,189,000
Expense = 3,398,000
Q2
AI = 200,900
Health = 879,000
Expense = 3,729,000
Q3
AI = 557,000
Health = 1,050,000
Expense = 3,068,000
Total Revs = 6,518,900 ( approx 1 million of this is Q1 covid)
Total Expense = 10,195,000
Cash of today is next to nothing, a calculated guess according to historic burn rates and such.
Dumping EV will maybe save some on expenses but clearly the facts above say we need way more than that.
We need Q4 revs to really shoot up or a white night will be needed by what I see. The last 6 months AI reported 757,000 in revs only, how is this even possible, we are an AI company....lets hope Q4 has 2-3 million of backlog AI revs showing up.1.2 million in option exercise would help a tad but again not even close to enough.
The growth rates (or lack thereof) of our 2 verticals aren't even close to what we need. Expenses need to drop at bare minimum 1 million a quarter for now by what I see, it will give a fighting chance at least.
Waiting to see the next moves they make to keep those lights shining bright or maybe just flickering....I'll take it for now.