Pros: - 3.4 million jump in revenue compared to Q1.
- Sales growth is starting to return, and being only 12% down is pretty remarkable in my opinion. Once daigou returns, we should see a pretty solid increase in revenue.
- Cash on hand (40 million) is sufficient to fund the company (BUBs) for up to 8 quarters. This is good news for us shareholders as liquidation fears can now be abolished. Based on last quarters cash burn, we would have only survived 5 quarters as per item 8.5 of the Q1 report.
- Cash burn from the quarter was 5.7 million as opposed to 10.1 million last quarter. Thankfully they have addressed cashburn issues.
Cons: - No mention of the Beingmate JV? I find this very odd and a little concerning.
BUB Price at posting:
60.5¢ Sentiment: Hold Disclosure: Held
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