Dozzaman1977
Regular
Your wrong, how about you actually watch and listen to the interview, the question the interviewer asked, and Sean's answer about the timeline he believes the breakeven will occur.Hey Izzy and @Dozzaman1977, Sean, definitely did not say, that we would be breakeven by the end of the year, with the increase to 100 employees.
We have to keep it real here, to avoid unrealistic expectations, in regards to near term revenue.
I've got no idea, what the increase in employees will cost the Company, but it's likely to increase our quarterly costs, to around US10 million, or more (from around 7 to 8 now).
It's this increase in costs, that he said "could" or "should" be covered, by revenue.
So ongoing costs, for the time being, would remain the same (7 to 8 million per quarter)..
For now..
He definitely, wouldn't have made a definitive "statement" about what revenue, was to be expected, he chooses his words carefully.
As we are an IP Company, with margins over 90%, revenues will eventually be and continue to grow, to possibly magnitudes greater than expenses.
It would be good, if someone could post the actual transcript, of that part of the interview, as there has been a lot of confusion, over what he said..
There are no" defina
tes" in business or in life.
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