Another quarter of losing money ?How long will BWTR be able to keep burning cash?BWTR is going down.........
So they managed to generate 3 mill in sales with no gross margin by spending 6mill in SG&A. Just an observation but it doesn't look like much of a business model.
"There is no justification for their current inflated valuation. I think they are generating about 1.5mil a quarter in revenues, generating zero gross profit and losing serious money ." by SC Being short may cloud you judgment. When are going to cover.
The Q1 burn rate was $2.7m per month. They will be gone in 10 months.