FieldingMellish
23rd May 2007, 11:32 PM
The following is swiped from this week's Figure Four Weekly newsletter. I beleive the actual quotes are from some kind of US-based stockmarket analysis company/publication or something...
Quick notes from the latest IFL filing. They lost $7 million in the last quarter off revenues of $1.6 million. They made $960,000 off TV, $514,000 at the gate (sweet Christ, that's all shows added together), and $67,000 in sponsorships. They spent $750,000 on distribution fees (paying for FSE TV), $5.6 million on live events, and $33,000 on sponsorships. Talent costs were $1.7 million for the quarter, travel was $1.1 million, TV production was $2.2 million and advertising was $600,000. There was this scary line: "Based upon management's current forecast of future revenues and expenses, the Company believes its cash resources will likely be sufficient to fund operations into, but not through the end of, the fourth quarter of 2007." That sounds bad. "If the Company is not able to generate sufficient cash and reduce expenses, the Company's cash resources may not be sufficient to last through the end of the third quarter of 2007. If the Company is unable to secure sufficient debt or equity financing for operations, the Company will experience a cash shortage, the effect of which could result in the discontinuance of operations".
credit to www.f4wonline.com
Quick notes from the latest IFL filing. They lost $7 million in the last quarter off revenues of $1.6 million. They made $960,000 off TV, $514,000 at the gate (sweet Christ, that's all shows added together), and $67,000 in sponsorships. They spent $750,000 on distribution fees (paying for FSE TV), $5.6 million on live events, and $33,000 on sponsorships. Talent costs were $1.7 million for the quarter, travel was $1.1 million, TV production was $2.2 million and advertising was $600,000. There was this scary line: "Based upon management's current forecast of future revenues and expenses, the Company believes its cash resources will likely be sufficient to fund operations into, but not through the end of, the fourth quarter of 2007." That sounds bad. "If the Company is not able to generate sufficient cash and reduce expenses, the Company's cash resources may not be sufficient to last through the end of the third quarter of 2007. If the Company is unable to secure sufficient debt or equity financing for operations, the Company will experience a cash shortage, the effect of which could result in the discontinuance of operations".
credit to www.f4wonline.com