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"Burn rate is the rate at which a company is losing money"Hence...

  1. supergwailoh
    723 Posts.
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    11/06/19
    10:57
    Post #: 38997416
    "Burn rate is the rate at which a company is losing money"

    Hence losing $1.2M rather than needing to achieve $1.2m in revenue to break even. It's a massive difference.
    BUD Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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