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Is 1-Page going bust?, page-76

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wubing

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03/06/16

09:51

Post #: 17941308
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Originally posted by yifuj ↑

To quote the quarterly, '...with a plan to reduce MONTHLY OPERATING COSTS to below US$1MM WITHIN Q2'. They are clearly referencing monthly cash burn and not quarterly cash burn, or they would have written quarterly operating costs and not used 'within'. How the heck does a company cut cash burn by 75% in 1 quarter without firing most of the staff and forgoing aggressive expansion? Impossible.

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I think it could be also understood that they reduce monthly operating costs so that their Q2 cost could be controlled below US$1MM.
Anyway has adequate cash before break even.
Besides, their revenue is obviously ramping up much quicker and their cost would be reduced substantially.

1PG Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
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Is 1-Page going bust?, page-76

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