Bullboard - Stock Discussion Forum Farmers Edge Inc T.FDGE

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Farmers Edge Inc. is a Canada-based agriculture technology company with a portfolio of technological solutions, spanning hardware, software, and services. The Company operates through two segments: digital agronomy operations and e-commerce operations. The digital agronomy operations segment offers a suite of digital agronomy solutions to growers and others in the agriculture ecosystem. The e... see more

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Farmers Edge Inc > it got $144m with IPO in march, and has only 94m left after

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Post by mingzhu on Aug 13, 2021 6:56pm

it got $144m with IPO in march, and has only 94m left after

4 months. How did it spend so much? I am ready to get in for a trade next week.

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Comment by Capharnaum on Aug 13, 2021 11:13pm

If you look at the cashflow statement... $6M cash at IPO $145M raised $11M cost of IPO $5M net repayment of debt $7M additions to equipment and intangible assets $16M working capital changes $8M settlement in court $10M cashflow loss from operations

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