Feb. 3 at 8:39 PM
$CNVS With the next ER expected any week now, it’s not looking good for McGurk and crew.
Cash went from ~
$14M to
$2.3M in SIX months.
$21.7M burned in operating cash.
Losses widening. SG&A exploding. Revenue flat.
All those “movie releases”? Flops!
No box office juice, no streaming breakout, no catalog lift.
Just more content spend and amortization.
This quarter AND next quarter are shaping up to be extremely lackluster — exactly when they need a miracle.
Next problem McGurk gets to worry about?
NASDAQ compliance.
When cash is gone, dilution is already rolling, and the stock can’t hold price… you know what comes next.
Another R/S nightmare loading?
