The only good news in this announcement was the culling of staff, which should reduce the R&D expense (stock based compensation), however with the stock declining, they must be issuing more and more shares to keep those that remain happy.
As stated hardware tanked over Black Friday/Cyber Monday/Christmas period.
"Adjusted" EDITDA is a joke metric. Saying we're cash-flow positive if we exclude all these operating expenses is meaningless.
“I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings.” -Charlie Munger
The only good news in this announcement was the culling of...
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Last
$23.79 |
Change
1.010(4.43%) |
Mkt cap ! $4.372B | |||
| Open | High | Low | Value | Volume |
| $23.30 | $23.83 | $23.30 | $17.53M | 741.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $23.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.82 | 934 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| 360 (ASX) Chart |