Re: cash burn and revenues-fj
in response to
by
posted on
Jun 28, 2017 06:45AM
BCB
Even for a CFO, it would still be difficult to peg the exact burn rate, a lot of the previous costs we're one time costs for equipment, moving equipment, transferring people, shipping costs, etc.
Now, they are hiring people like crazy and if Poet doesn't have the perfect accounting or business program and things need to be entered properly (garbage in/garbage out), it'll be nearly impossible to peg your exact burn rate.
You need a great accountant plus a great team with these programs. This is reality of all businesses these days, especially complicated ones.