Am I the only one confused by the apparent contradiction in the following (bold is my emphasis), or am I missing something?
"Net operating cashflows improved by 48% vs the same period last year and by 20% versus the previous quarter"
Net operating cashflow Q1 = -$2.014m
Net operating cashflow Q2 = -$1.77m
= 12% improvement
Did they just take the 20% from the quarter before and copy/paste it? The difference might be somewhat modest, but if indeed my interpretation is correct, how does one then have confidence in the justifications used to describe the areas where the business performance is lagging due to elections and so forth?
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- Ann: ICQ quarterly net operating cash outflow reaches 5 year low
Ann: ICQ quarterly net operating cash outflow reaches 5 year low, page-3
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