Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 23-07-2008, 15:03   #12568
Dephormation
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
Quote:
Originally Posted by rryles View Post
Well, they are trying to live off the interest. In 2007 they received 688,843 USD in interest. However, there advertising revenue for that year was zero so after all that expensive R&D they ended the year with a net loss of 32,153,223 USD!

At the end of the year they had under 17 millions USD in cash and various other smaller assets. Unless they've got funding recently, or cut there expenditure, they must be getting rather low on funds.
Are you taking into account $65M raised in March?
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