Yep trading below cash. They need to get back to profitability tho. Or at least closer to breakeven. Q2 was another ugly quarter. But that comment about cash increasing from $2.3M all the way to $4M halfway through the quarter sounds VERY bullish. They even point out that the increase is from company operations. So sounds like Q3 will be a big quarter? At least it should be much stronger than Q1 & Q2. I might add some shares around .05. They're finally streamlining operations. If revenues rebound with the lower operating expenses, company could post some nice EPS. Kind of a long shot, but might be worth a gamble at this price.
From the earnings PR:
The Company finished the second quarter with approximately $2.3 million in cash and cash equivalents, as compared to the approximately $4.4 million at the end of 2014. As a result of delays in signing certain contracts and the resulting delay in the collection of accounts receivables the total cash and cash equivalents were approximately $4.0 million as of August 14, 2015. This increase was due to operations from the company and not any equity or debt financing of the Company.
“We have experienced significant changes in our business in the first half of 2015, and we have taken the time and effort necessary to streamline our expenses. We anticipate seeing the benefits of these changes in our operating results in the second half of 2015,” said David Houston, Chief Financial Officer of LiveWorld. “We are using some of these savings to invest in our platform and to develop new sales opportunities as we move into 2016.”
