Good progress being made by JAY - revenue up 18% for the quarter - that is 22 quarters in a row! I like the SEO changes as this will have a major effect going forward on customer acquistion costs.
The cash spent for this qtr was $2.6 million, but with the SEO changes the expected spend for the next quarter is just under $2 million. Assuming continued ~20% grow in income then the JAY's burn should be close to $800K for this qtr. There should be enough cash in the bank now to get very close to profitability by the end of 2019.
I wonder if the market will notice. You would have to think at some point they will, but who know. Maybe they should announce a partnership with Amazon where a couple of Amazon employees take a shuttle to airport. Worked for some other company in the tech area.
Ann: Quarterly Business Review and Appendix 4C, page-2
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