Regrettably, 0.5m$ implied revenue from Brands in Q4 (down from 1.4m$ in Q3) looks shockingly low to me; whatever the reason is, this has important ramifications on COGS, GM, Cash Flow and expected future growth.
At this stage, it no longer seems likely to me that KTD was either CF or EBITDA positive for 2H2021; as such, I had to consider my original performance milestones as being breached and took my loss accordingly.
Good luck to all holders
