Originally Posted by
Slipstream921
Bottom line, the financials are not good. However, revenue looks to have increased significantly. The company is definitely burning cash. If the margins don’t start to reduce down to single digits it will be difficult to survive. Start up capital was 300mil- with the numbers… it can’t be doing well. Unfortunate, because I think the plan was to continue long term rather than just as a sell off/acquisition like Avelo.
yes very sad to see. With 300 million in start up, just Q12022-Q32023 losses amount to 250 million. That doesn’t even consider our first year losses. I’m astonished that they are still making payroll now