LIVX struggles to raise cash at a good priceĪ focus on user growth and metrics like total views is not unusual for a growing social media company. Operating cash outflow has only been $4.8 million for the first half of the year due to the fact that the company issued $6.4 million worth of shares for services and compensation and let its liabilities grow by $6.5 million. While revenue has grown and gross margin has become marginally positive, this has not had any impact on operating loss which is still around $10 million per quarter like it was last year. Review the income statement and operating cash flow for Q2 2020: While trying to spin that off as a positive, what this really shows is that it already burned away much of the money it just raised in July with no end in sight. Interestingly, the company also highlighted its $9.6 million capital raise and the fact that it increased its cash balance from $14.1 million to $16.1 million over the year.
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