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JRoon71

07/19/23 9:14 AM

#412411 RE: golf stud #412407

Golf, I'm not saying that's bad. Positive cashflow is obviously good. But earnings and cashflow are not the same thing. And generating positive cashflow simply from cutting costs is not repeatable to any great degree. You can only cut costs so far in an environment of decreasing revenues. So yes, cutting API purchases, recording milestone payments, and cutting overhead is all good. But at the end of the day, revenues were down 25% from last quarter (and down 30%+ from same quarter last year), and that is not sustainable. It's just business finance 101.