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VERSES AI (CBOE: VERS), an early-stage AI company whose stock is down 82% YTD, published its Q2 financial results. The CFO’s quote highlighted disciplined cost management and a prudent approach to managing cash. That got me curious, so I opened the financials. It turns out that these comments applied to an operational cash burn of $8.8 million for the quarter on $300,000 in revenue. Phew, good thing they’re disciplined and prudent. Imagine if they weren’t…
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