Post by
stockfy on Dec 12, 2023 8:35am
DTEA: Zero debt and $20 million in cash at the end of Q4
The cost containment plan of 2023 works and SG&A have dropped a lot compared to prior year.
So DTEA has almost $12 million in cash at the end of Q3 and the weak quarters are behind us.
DTEA will be profitable while also generating positive operating cash flow in Q4, its strongest quarter, and its cash will exceed $20 million. So DTEA will end the year with about $20 million and zero debt.
The recent expansion in the U.S. and Canada coupled with the new hirings (CMO, CDO) will help DTEA grow its business in 2024.
Again. The worst is behind us. A new era of growth has begun.