Wrong. Despite all this:
You may have paid too much attention to its headline numbers, conveniently – or unconsciously – ignoring its underlying cash flow performance.
Gross profit rose but was nowhere close to covering its operating expenses in Q2 – it was $14m short in the quarter as well as in H1, in fact.
Its net losses are so clouded by a myriad of items whose fair values could be much lower …
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Source: The Loadstar