Last year they posted sales of $17 mil and expenses of $34 mil (with a $6 mil write down).
Sales this year are $23.5 mil. No idea what expenses are, but they need to come in at $35 mil max, otherwise break even gets pushed out by 2 years IMO and that will also bring forward the next inevitable CR.
They can crank the sales up but they need to stem the losses to get to break even and if the expenses have run away, the only saving grace will be the nutjob retail base to prop the SP up. Companies that grow their sales fast cop punishment when their expenses grow faster.
The Bear Room, page-142
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