Not meaning to be combative but they made $20M and spent $21M. That's cutting a little close with $5M in the bank. They would be out in 5 quarters if you extrapolate the past to the future. A bigger buffer would make investors sleep better.
If you look at last quarter, the manufacturing and operational cost was $20.36M and the sales was $20.59M. The sales just cover the cost of production and could not pay for all the salaries. That's worrying.
Ann: Ceasing to be a substantial holder, page-9
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68.5¢ |
Change
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Mkt cap ! $57.03M | |||
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