Based on the webinar - you are correct. The $1.2m is the net burn rate, ie the negative EBITDA for the non LiFX side (ie Buddy Platform plus corporate costs) of the business. If I understood correctly, the 'break even' by year end target applies to Buddy Platform without corporate costs. No breakdown of the corporate costs was provided other than reference to 4 people plus regulatory and listing costs/fees. So the additional EBITDA required to achieve this goal for the Buddy Platform operations (or should I say 'commercial division') is somewhat less than $1.2m per quarter. I would like to see what the allocation for 'corporate' is.
BUD Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
