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Ann: EN1 Q2 2019 Preliminary Results Material Improvements, page-392

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Jazinger24

1,508 Posts.

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17/07/19

23:17

Post #: 39571135
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Originally posted by Jazinger24: ↑

Are you actually a holder Icarus? Just checking since your last few posts seem to be negative.

If you read their press statements and the fireside chat their aim is to use the 16USD factoring facility to be able to increase the amount they prepay and offer publishers net 0 day turnaround (i assume they would get some sort of extra discount for this).

In May they weren't far off from being profitable for the Month. If you add the 300K opportunity that was lost due to overzealous blocking software then they weren't far off from being profitable in June. Q3 and Q4 are going to have more integrations come out. Start app is coming out soon so more income potential for each day. Q3 and Q4 are also the bigger quarters so thats when its looking likely they will be profitable on a month by month basis.

Sounds like a fairly decent strategy for their "road map to profitablility"

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Should read as 16Million USD factoring facility

EN1 Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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