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Post# of 68424
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Giovinco

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Giovinco

Re: VRNG24 post# 65213

Friday, 05/06/2016 9:32:12 AM

Friday, May 06, 2016 9:32:12 AM

Post# of 68424
"which would cover the companys yearly cash burn rate"

what ??

revenue is not net income

Group mobile had Q1 revenue of 1.277 and a net loss of 322K.
Annualized it's 5.1M revenue and 1.3M loss for Group Mobile.
Group mobile probably needs about 8-10M revenue a year just to breakeven and this does NOT include all the other costs of the company.
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