They seem to have returned to their ways pre-COVID, which is to say "losing tons of money", which is what they did during COVID as well. A lot of board members and key management pulling down comfortable salaries as a reward for losing $USD6-8MM per year - but 2024 is the much heralded "when we go cash flow positive" (with or without accounting tricks like pretending that most of your engineering effort is in fact "capitalised technology costs" not "salaries").
My guess is that they will incinerate this raise in about half a year and come back for more.
JAY Price at posting:
8.6¢ Sentiment: Hold Disclosure: Not Held
