I expect Lifx to be cash flow positive in the March qtr. Lifx had Accounts Receivable of $9.4m at the end of December, that could drop by approximately $5m by the end of March. My guess is that the December qtr would be a negative cash flow quarter for Lifx, because of increased production for Christmas sales, but a significant amount of the cash from the sales would not be received in the December quarter.
I think the Buddy Platform business will still be burning through at least $2.5m in the March quarter. After that hopefully they will reduce spending until they win a major contract.
BUD Price at posting:
7.3¢ Sentiment: None Disclosure: Held