Also they owe $850k come March.
$845 receipts means you need to attempt to get the costs under it
Forget R and D - make that $0
Nothing to research or develop for now use what you got
Opex costs are 76% of receipted income - way too high (24% is not enough margin) so this figure must come down to $338k Q
Giving a 60% margin. Find out where business can reduce costs
Marketing can be reduced to $90k while income stabilises (get more creative at marketing) for example comms only sales team ( Only paid pers signup to Icarly) my business as one example could provide plenty of leads for this as could others
Staff costs too high (inc directors income, all needs to be culled back to circa $200k Q)
Admin/Corp cant help $129k
There you go .....cash flow positive.
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