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Wednesday, May 13, 2015 4:00:01 AM
2014 Q1 was cash flow positive
That's $41,000 that the company made from operations. There was a $680k adjustment for noncash items.
$41k cash flow and $10k was used in investing in the company. So in the 1st quarter the company had $31k free cash flow.
A lot of companies don't have free cash flow
So cash was $50k and it doubled as a result of financing and positive operational cash flow.
Q1 was a good quarter
Actually Q1 and Q2 were very good quarters for NGHT.
There should never have been a sell off after those Q1 results. The CEO should have explained to shareholders that it had positive cash. that's all.
That's $41,000 that the company made from operations. There was a $680k adjustment for noncash items.
$41k cash flow and $10k was used in investing in the company. So in the 1st quarter the company had $31k free cash flow.
A lot of companies don't have free cash flow
So cash was $50k and it doubled as a result of financing and positive operational cash flow.
Q1 was a good quarter
Actually Q1 and Q2 were very good quarters for NGHT.
There should never have been a sell off after those Q1 results. The CEO should have explained to shareholders that it had positive cash. that's all.
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