Ann: FY2019 DELIVERS RECORD SUBSCRIBER GROWTH, page-3

  1. 706 Posts.
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    Still a way to go to hit profitability, but the signs are good.

    Q1 cash receipts of $150k, and net operating cash outflow of $1.3M. Q2 should be $250-$300k, outflow closer to $1M. With $4M of capital raised in the last two months that gives them about 12 months to hit profitability at current cash burn, but if they can keep growing revenues as they have been then they'll get cash burn down well below $1M by EOY and then (hopefully) start to turn the corner early 2020.

    I feel I was about 6 months early on this stock, but one more quarter of solid revenue growth should get the share price to start moving in the right direction.



 
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