Post by
zerocool42 on Mar 15, 2015 12:22pm
Burning through the cash again
$5,106,420 in expenses vs $2,823,082 revenue. Not good.
Only burned through $900000 +/- cash last quarter, but burned through $1.8 million cash this quarter.
They apparently love to spend.
At this rate, that means there is only about 1 year of running room left before the company is out of money, unless they somehow magically get another cash infusion, or have a rabbit up their sleeve.
Comment by
runner115 on Mar 15, 2015 3:31pm
He y did you make that number up
Comment by
zerocool42 on Mar 16, 2015 9:10am
No. According to the financials, the company was sitting on $8.6 million in cash at the end of F2015Q1, and $6.8 million cash at the end of F2015Q2