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Tuesday, August 16, 2016 10:48:28 AM
There is only one way to counter that tendency: higher margin business. Judging by the CEO letter, this is the route management is aiming for with some achievements in the first half of 2016. But ultimately, surviving on 8.5% margin is going to be all but easy. The company is cash-strapped despite having $2.5m, more than the UCP market cap, in liquid assets.
This company exhibited 20% gross margin when they were still providing creative services like advertisement production. Maybe that is a route to re-consider.
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