1.0
1 Sept 2016
Anonymous employee
Former employee, more than 1 year
Denver, CO
Recommend
CEO approval
Business outlook
Pros
I do not have a pro to share. There is a 20 word minimum which is the only reason why I'm still typing.
Cons
I predict that this company, in all likelihood, will not have to file a 10-K for more than one additional year. Q2 2016 Financial Results (ONLY DUE) to Massive Lay-offs: -Reduced net loss to $4.2 million from $7.0 million; -Inventory reduced by 53%; -Cash more than tripled to $13.1 million; -Total operating expenses reduced by 50% to $12.2 million; -Selling, general and administrative expenses decreased 14% to $4.4 million; and -Salaries and benefits decreased 58% to $3.3 million.