Post by
nkbourbaki on May 14, 2019 10:17pm
Results out
This company has an uncanny ability to surprise to the downside.
A $9.7M EBITDA loss is a little worse than not "carrying forward the positive momentum" of prior quarters.
Sounds like April was also bad. Together with the shutdown and prevailing soft pricing we should also expect awful Q2 numbers.
Unrestricted cash is down to $6.3m. This is getting dicey. Good to hear they're working toward more deferrals from IQ, but hard to see how they make it to greener pastures in the second half of the year.