I'm thinking (and hoping) cash burn might be down even more than they originally stated.
Since the SP has been decimated with the overall market especially growth stocks I'm hoping they're treading a fine line between growth spending and cash burn as they know if they need to raise cash down at these levels things won't be pretty and the dilution will be unbearable!
I'm personally feeling a little bit optimistic about the upcoming quarterly, just be nice to at least finally break this miserable downtrend with some solid volume, anything more would be a bonus! Don't think the market will take any excuses for lack of organic growth this quarter, and I certainly don't want to hear anything more about covid ffs! Is Covid a drama again over the east coast?
Sorry i don't follow the news much.
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I'm thinking (and hoping) cash burn might be down even more...
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