RE: Edward Reginelli comments...22 Dec 2015 08:07
So is he saying were in profit now and there is no cash burn~?
A Look Forward
Strong financial discipline has led blinkx to profits, and the ability to maintain a strong, debt-free balance sheet. As we grow, we need to constantly manage our cost structure and be able to take swift and decisive actions to align with industry changes so we will be in a position to capitalize on future opportunities – this is our plan for future growth and we are already executing against it.
We believe the digital advertising industry will continue to consolidate and unprofitable entities will most likely exit the space. Our focus is on building a sustainable model with the optionality to take advantage of the future consolidation trend.