You are correct but look back to 2021 Cash has grown nicely it was 674 M then And 1.01B today. Looks great but a 400 M stock sale boosted that number a lot and diluted your stock Now i think High was Q1 2023 of 1.02B so we are down less than 1%. But take out the stock purchase by JARE and you are below 800M. So if you ignore nonoperational funds, you are correct, but you cannot run a company by selling stock and counting on others to forgive debt. As i said because of book to bill delay you can already estimate Q1 cash flow. Try it is not pretty. Good investors do not just look at bottom line they look at what created it to avoid surprises.
LYC Price at posting:
$6.95 Sentiment: None Disclosure: Not Held
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