Assuming revenue remains flat at $28M ongoing costs are around $7.5M per quarter, if admin goes back to the $1.2M mark ( was $2.3M this quarter apparently due to restructuring ) . Either revenue has to increase or further costs savings are required to achieve profitability and cash flow positive as guided by management. Not that anyone takes notice of their guidance anymore. Given revenue went backwards by 15% in 2019 notwithstanding an increase in the S&M spend lets hope they can reduce costs by $5M - $6M as guided.
MPW Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
