InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,104.69
(
1.11%
)
US TECH 100
17,277.60
(
1.76%
)
Dow Jones
38,265.47
(
0.47%
)
Brent Oil
88.14
(
-0.01%
)
Bitcoin
63,878.42
(
-0.94%
)
Post# of 80
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Smilin_B

Send PM Follow Ignore
Followers 1036
Posts 54439
Boards Moderated 0
Alias Born 03/29/2004

Smilin_B

Re: hondaboost post# 76

Tuesday, 05/17/2022 4:17:07 PM

Tuesday, May 17, 2022 4:17:07 PM

Post# of 80
5/17/22 2:00 PM

Company doesn't believe it has enough cash to keep going for the rest of 2022

Shares of AutoWeb Inc. suffered a record plunge in active trading Tuesday, after the provider of marketing services to auto dealers and manufacturers warned investors that it had "substantial doubt" in its ability to continue as a "going concern" given its troubled cash position.

The company (AUTO) disclosed in its 10-Q filing with the Securities and Exchange Commission late Monday that it had $ 3.8 million in cash and cash equivalents as of March 31 but had an accumulated deficit of $359.7 million.

"Based on current operating and cash forecasts, the company does not believe that it currently has sufficient cash to sustain operations for the entire remainder of 2022," the company stated in the 10-Q.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up