Share price capitulation at the moment but looks a bit like overkill to me based on the announced quarterly. Yes down to $3mill in the bank with expected outgoings of $2mill for this quarter however one would also expect customer receipts to increase from the $600K last quarter. Notice the very first line in respect to revenues increasing to almost $1mill, that will be the sort of gain in cash receipts to expect next quarter. Zenvia was only acquired on 17th August so only part revenues will have been seen from that for the quarter. I actually don't mind the quarterly, they're at least 3 quarters away from needing a CR assuming no further growth. Probably well on tis way to finally becoming profitable. Markets never react logically these days.
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- Ann: Quarterly Activities and Cashflow Report
Ann: Quarterly Activities and Cashflow Report, page-77
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