Saturday, December 21, 2019 10:46:13 AM
Uplisting is planned for 2020. They expect to have all of the existing subs (ie. not including Crow) on Spectrum eBOS by the end of Q2 2020. Could they miss those deadlines? That is a risk, but they've still left ample room to get the uplisting done by the end of 2020 even if they fall behind schedule.
As far as making money, they are already EBIT positive (that's after D&A charges) and were cash flow positive as of Q2. If you annualize the most recent quarter's cash flow, they would be producing over $2mm in cash flow from operations(pre capex). Deluxe should improve that further given it's a stabilizer.
2020 will be a year to optimize operations and drive profitability even further.
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