May. 12 at 3:21 PM
$URG Calling URG’s Q1 “strong earnings” is a stretch. It was better operationally, not strong financially. Revenue was only
$3.9M, net loss widened to
$28.8M, EPS was -.07 vs. the -.04 that was expected. Operating costs jumped to
$21.6M from
$13.2M. Yes, production and inventory improved, but that’s not the same thing as strong earnings. That’s ramp-up spending with limited sales. Big difference.
This company has real issues and managment seems to be one of them. I like the company. The operational side is doing great in that sense, they have product to sell. It's the rest of managment that's lacking. Truth hurts and someone needs to say it because they read these boards.
One other thing per that pump, if you can't control the cash burn your investment is no longer an investment but a EBT card. They are using more of the EBT card now per dilution. Be well.
