I am hoping for a better result next quarter. They should get more revenue from increased production. Also, I expect the cash they are burning for development to come down. Last quarter, they used around 11 Mill on development & got around 7+ mill on sales.
They have 9.7 Mill in the bank. I don't know how long this will last...because I didn't see any forecasts for the next quarter Operating costs. Anyone know how much money they use per quarter to operate?
CCU Price at posting:
37.8¢ Sentiment: Hold Disclosure: Held