FIJ had circa $1m in cash and receivables as at 31 Dec 22, plus 300k in available finance facilities.
Their cash spend in Q1 23 will be less than Q4 22.
Advertising, marketing, legal and audit costs are all expected to come down from what was recorded in Q4.
'Receipts from customers in the quarter were $497k which more than doubled receipts in the prior quarter (Q1FY22, 15$245k) and were more than triple those in the prior corresponding period ($153k Q2FY22).'
FIJ is on the right path IMO, to achieve sustainable profitable growth.
Ann: CJ Patel $11m Distribution Partnership for Taki Mai, page-47
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