Yes revenue went up, but costs are still out of control. Buying the new company, may have resulted in more costs, this quarter and going forward, but there is no point chasing more revenue if the revenue costs you so much. Isnt this a internet based website, why do they need so much staff to sell the business. I dont like the model now. Profit margins are too thin, because you need to much staff to get sales and growth.
So much for cash netural, like others have said thats a couple years away now, and thats at a yearly revenue rate of 30m now. Have to factor increasing costs against revenue.
If xf1 expand into another region, expect another cr
I see xf1 drifting into the 30's the market will lose patience with the continued cash burn
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