Based on what we sort of know about season 1 RR revs, season 2 Llama revs, merchandise advances and network income these are my assumptions for full year 2019
$500K network revs (twice 2018) $3M season 2 Lama (in Q4-2019) $2M season 1 RR (in Q1-2019) $3-4M merchandise advances (Q3&4-2019) (conservatively 50-60% of known total $6.4M)
Would imagine they still burn $10-$11M in 2019
Where are my numbers off?
$6.4M for all of 2019 seems too low. Especially when IR directly shared they thought “60-70% of merchandise advances would be booked in 2019 and the rest in 2020”