So the answer is they have plenty of cash and no need to raise capital for at least a year.
Most elite teams are profitable simply in merchandise sales and annual rights. Their subscription to CAT is a drop in the ocean compared to what to pay some elite athletes.
This business also has decent cost flexibility given how much they spend on the sales force and R&D.
So the answer is they have plenty of cash and no need to raise...
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$2.16 |
Change
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Mkt cap ! $564.9M | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.16 | $2.11 | $343.5K | 160.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $2.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 34858 | 2 |
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