- The company’s revenues grew by 92% in Q1 FY22 but net cash used in operating activities stood at $6.33 million.
- Engine Gaming and Media has a $50 million at-the-market offering program which it has been reluctant to use due to its falling share price.
- However, the company’s cash reserves stood at $9.68 million as of November, which means that delaying a capital increase might not be an option in the near future.
- I think this one looks like a sell and the short borrow fee rate stands at 3.36% as of the time of writing.
For further details see:
Engine Gaming and Media Looks Overvalued Based On Fundamentals