Post by
mbanx on Sep 02, 2015 4:55pm
Financial Out - TNG need cash
Same old story, TNG losing money and "out of cash" again
Cash
The Company closed the year in a cash position of $0.3 million, a $4.1 million decrease in cash over prior year-end. The decrease in cash primarily the result of a net cash loss from operations of $2.5 million and debt principal repayments totalling $1.4 million. The Company will continue to closely monitor its cash position and take necessary steps to ensure sufficient liquidity for the Company as more fully described in section 16 - Capital Resources & Management.
Comment by
FluidDrummer on Sep 02, 2015 4:57pm
Did you happen to catch this? Revenue from the licensing of SwiftShader saw an increase of 60% year-over-year. While this growth was encouraging, we have decided that SwiftShader does not align with the Company’s vision going forward and we plan to divest of this technology by the end of calendar 2015.
Comment by
CasusFortuitus on Sep 04, 2015 7:13am
That's good growth. Hopefully it will make the software that much more valuable when it sells. I'm also interested to hear how the collaboration with NVIDIA is going. They got the Toronto facility up and running yet?
Comment by
dailin on Sep 04, 2015 10:44am
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