I assume that the positive IH 2018 EBITDA forecast means positive EBITDA on an ongoing basis by the end of December.
That's still quite a call.
Costs in the last quarter were $1.6m, ie $530k per month. Revenue in June was $188K.
I can see how costs can be cut now the site is fully operational and organic search is increasing. But cost reduction must also come at some cost to future revenue - it certainly can't enhance it.
Ann: Quarterly Trading Update, page-5
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