Reliq Health Technologies Inc V.RHT.H

My question from the CEO site

[aaaaaargh]

I've asked this before and I will ask it again Even at a 1.5 mill quarterly run rate how the hell are they going to be profitable when they have expenses in the three to four million dollar range quarterly? It is quite clear that even if they claim to be profitable in a months time, they don't even appear to know what profitable means. Just like when I got one answer last time from another dingbell who didn't appear to know what it means.

[lscfa]

The cash burn rate is $500,000 per month and that includes the costs of SAAS revenue. So, if come July the revenue is $500,000 per month and it's all from SAAS and none from damn device sales, then the co. could be breakeven.    

[aaaaaargh]

And once again.......cash flow positive and profitable are NOT the same thing !!!!

[lscfa]

Don't care. Cash flow is superior to accounting earnings which can be more easily manipulated.  

[lscfa]

But you're right. The co. is sleazy with its unconventional use of terms.   

[Humanist]

[Gottabuyit]

Its simple math imo. The company lost 2.8 million and the only non cash item is the share payments of 1.3 million. Assuming a cogs of 50 percent they need to do 3 million in sales to be profitable. I guess until they run out of inventory the cogs is non cash so 1.5 million gets to cash flow positive but this is only till inventory needs to get replenished which would be soon as it is getting

[Lifeboat1]

Break level is a measure of profitability and not cash flow.  It would seems that someone needs accounting 101.