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18:04
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Originally posted by McKhenry:
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They still have $15m in the bank, not following your logic Crazy, LifX are burning through cash to meet increased demand, even if that demand is not linear and tapers, once their COGS stabilise, their profits increase. By taking that debt on they are no longer partnered with their manufacturer, this gives leverage against them to further reduce cost of production, as they can walk after the exclusivity period, which they can negotiate a better supply contract with. Thor is producing enough to more than cover interest and with the launch of the retrofit option for all Airstreams that will only grow ads well.
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Thor is stable revenue will grow slowly over years.
