Q: Hi Peter,
Greenlane updated the corp presentation on their website & may have dropped a hint into Q4 results.
It notes that $5.7M cash at the end of Q3 and $16.4M cash on Dec 31. I know $4.5M was the exercise of options announced on Dec 2nd. Where did the other $6.2M come from? Operations maybe?? Assuming they didn't rob a bank, how much revenue growth can we expect in Q4 to generate $6.2M cash from operations since they only booked $6.5M revenues in Q3?
Or am I missing something here??
Thanks
Greenlane updated the corp presentation on their website & may have dropped a hint into Q4 results.
It notes that $5.7M cash at the end of Q3 and $16.4M cash on Dec 31. I know $4.5M was the exercise of options announced on Dec 2nd. Where did the other $6.2M come from? Operations maybe?? Assuming they didn't rob a bank, how much revenue growth can we expect in Q4 to generate $6.2M cash from operations since they only booked $6.5M revenues in Q3?
Or am I missing something here??
Thanks