They also made it very clear that the $500k cash burn was due to ramping up the Crowd Direct segment heading into a very busy retail period
Stephen has disclosed that once you get the engagement through their ecommerce channels that the customer acquisition becomes significantly less
I’m guessing that revenue will be higher this quarter and less of a spend for marketing/advertising which may equate to little or no cash burn next quarter
If they over deliver, we may even see a positive cash flow quarter as this is when retail tends to get in the black
There is also the possibility we may see some option conversions to bolster the bank account helping with growth and achieving horizon 2 & 3 targets on time
Lots to look forward to in their future activities section through the rest of FY21 and beyond
If they achieve half of it and can grow revenue to sustain growth and development, then the sky is the limit over the coming few years
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