Hmmm not so true... its still bad...
I'm looking at another company (won't list the name here so that the comment doesn't get pulled for cross-promotion). But this other company has a Market Cap of $17 million AND is actually profitable at the bottom line.
In comparison, the latest quarterly for this other company had:
- Revenue of $4.4M for the quarter
- Product Manufacturing and Operating costs of only $2.018M (i.e. under 50% of revenue, and in contrast to CGBs 130% of revenue)
- and Net Cash from Operations (i.e. Revenue minus All Costs associated with Operations) of $1.3M for the quarter - I.e. profitable cash flow
This is a remarkable difference to CGB, is it not?
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- Ann: Quarterly Activities and Cashflow Report
Ann: Quarterly Activities and Cashflow Report, page-9
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