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They are burning over $1B per quarter (before stock based comp) and it's accelerating. If they want to turn that around by reducing staff this won't be the last
by aeyes 4y ago
They are burning over $1B per quarter (before stock based comp) and it's accelerating. If they want to turn that around by reducing staff this won't be the last round.
- baby-yoda 4y agoWhere are you seeing this number? Latest 10-Q I see a burn of about a billion through 3 quarters in 2022 from Operating Activities. There were also a ton of insider sales by the C suite last year. Not getting a warm and fuzzy feeling about this company all things considered.
- aeyes 4y agoTrue, my mistake! I was looking at 9 months ended but somehow thought it was just the last quarter.
- baby-yoda 4y agoNo worries - I was just thinking since they have about 4 billion in cash that would have given them a very short runway to turn things around. Now I'm very curious to see how the numbers look come Wednesday.