In FY2017, salaries excluding share-based compensation for MedAdvisor's management was $965,334. That represents nearly one third of MedAdvisor's FY2017 gross profit of $3,509,000.
In FY2018, salaries excluding share-based compensation for MedAdvisor's management was $957,522. That represents nearly one-fifth of MedAdvisor's FY2018 gross profit of $5,783,000.
Through this, we see the precarious nature of MedAdvisor's financial stability. With a cash loss from ordinary operations of $3,485,000 in FY2018, it seems MedAdvisor must continue to source equity funding for the foreseeable future.
However, with the risk of economic recession looming, MedAdvisor's money well, and future now, is drying up.
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