$470k revenue for the quarter when they are spending $1.6m+. Was expecting total revenue for the quarter of about $700k given they were targeting break even in the next 6 months, missed that by a long way.
They need close to a 4x increase in revenue to break even, this is unlikely in the near term so I think it’s a 90% chance of a capital raising in the next 6 to 9 months.
I don’t like them showing another metric this month either, last quarter it was total revenue, this quarter its “continuing” revenue. Just looking for something that tells a positive story. If continuing revenue went up, what dropped? Advertising revenue?
$470k revenue for the quarter when they are spending $1.6m+. Was...
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