Great to know they'll be EBITDA positive, but seems unlikely to can get to cashflow positive before the cash runs out.
I had referred to them in my recent article on business models and valuations (link here).
I wonder why they didn't raise just a bit more. Likely because dilution would have been too much and they wanted the EBITDA milestone to chance a higher valuation by that point.
The growth still very much checks in. Will be interesting to see what happens in next 2 quarters, one to watch.
News: MPA Mad Paws Says On Track For EBITDA Positive In Q1, page-2
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