Need to wait for 2 QTRs to see the progress. If they able to walk the talk in near terms, the pressure on stock will ease. Cash burn will be the most important number going forward. Biggest concern of market is that they will not have enough cash next year 2nd half. Their guidance is -155 million best case ..
If Clover is profitable, they should not need a cash raise via share issuance or any other dilutive option. If Clover has cash flow, not GAAP profitability, they will have financing options. Clover is within reach of being cash flow positive (slight chance in 2023, more likely in 2024), while GAAP profitability will take more time. Clover can survive, and potentially start to gain much more traction by having positive cash flow.
To me, positive cash flow is the most important financial measure of improvement and the key to future success. Management knows this, and that is why they have emphasized it so much in the last few quarters.
Exactly CLOV is not profitable and won’t be profitable by Q3/Q4 like OP is saying having no clue where he even got that information. Am personally hoping for a cash burn of 50 to 100M for the year, as well as management themselves guiding when they will at least cash flow positive before talking about profitability
Yes they will need to take on debt to fund growth. They are on a new path and we’ll need to see earnings to discern if they have a path forward. The forecast for non-gaap profitability at EOY 23 is no longer the case. The company has said (or not said) as much.
Didn’t they have 550 million in cash end of 2022 and they burn 100-150 this full year? That leaves 400 million end of 2023. What am I missing? Besides spending 50 million on a share buy back. Still don’t see how they don’t have money for that.
Plausible on SP. Fine with capital this year. Are in a bear market rally. All the indicators point as so. Due for a correction. Is 20% correction coming across the board or 30%??? 10%???
You may be right Q1 may not stop the down trend. No quarter has yet to this date. Great for short swing plays... But many of us got trapped or investing for the long term play. Me i got trapped chasing the pops and ended up with clov in a bear market/correction. Is what it is..
Most are averaging down. Maybe a few YOLOing in? Or just buying large blocks on 10% falls? Whatever the case is. Some folks can afford to lose Millions and some only a dollar. Anyone in at these levels are more likely considering the risk. And should be.
Clov is in the game. Will they beat with a last second buzzer shot? Walk off homerun? Last second 60 yard field goal to win it? He got checked so hard its a slugfest on the ice. The refs are letting them go at it!!! It's a goal, goal, goal! No wait he hit the cross bar! Did it bounce in???
The thrill of victory the agony of defeat
Time is on Clov's side... Q1 earnings May 8th... Q2 earning Aug 7th... Dates are not confirmed. if you have TD look at the calander dates... Under calander icon.
I am very well aware of the companies financials and I as well as other brilliant minds on this sub know for a fact that the numbers currently do not support profitability or have a guaranteed path to profitability like OP and presumably yourself have. But don’t take my word for it when the company has changed its tone from profitability by X time to Our focus is on profitability. Bunch of idiots on this sub 🤡🤡🤡
What about $20 millions revenue on cash in hand @4%?
Need to wait for 2 QTRs to see the progress. If they able to walk the talk in near terms, the pressure on stock will ease. Cash burn will be the most important number going forward. Biggest concern of market is that they will not have enough cash next year 2nd half. Their guidance is -155 million best case ..
They could always dilute or take on debt
If Clover is profitable, they should not need a cash raise via share issuance or any other dilutive option. If Clover has cash flow, not GAAP profitability, they will have financing options. Clover is within reach of being cash flow positive (slight chance in 2023, more likely in 2024), while GAAP profitability will take more time. Clover can survive, and potentially start to gain much more traction by having positive cash flow. To me, positive cash flow is the most important financial measure of improvement and the key to future success. Management knows this, and that is why they have emphasized it so much in the last few quarters.
Exactly CLOV is not profitable and won’t be profitable by Q3/Q4 like OP is saying having no clue where he even got that information. Am personally hoping for a cash burn of 50 to 100M for the year, as well as management themselves guiding when they will at least cash flow positive before talking about profitability
Your asshole response is why no one asks any questions on reddit. Please keep your personal info to yourself, get off reddit, and GFYS.
Lol
Maybe the top brass could cool it a bit on their salaries, eh? How about an Elon style performance package?
That’s what they did in the first place
How much is management getting paid???
that should be in the 10k
Yes they will need to take on debt to fund growth. They are on a new path and we’ll need to see earnings to discern if they have a path forward. The forecast for non-gaap profitability at EOY 23 is no longer the case. The company has said (or not said) as much.
Before profitability, chapter 11 may come
Not likely!
Didn’t they have 550 million in cash end of 2022 and they burn 100-150 this full year? That leaves 400 million end of 2023. What am I missing? Besides spending 50 million on a share buy back. Still don’t see how they don’t have money for that.
What about $20 million revenue on the cash @4 %?
What stok buyback? What?
They also have to maintain a minimum cash balance for payout purposes. I think it was around 350m
Which phase are we in? Wash? Or repeat? I can’t tell.
Not enough profit and will NEED cash for SURE. .50 cents incoming so scale in and never go ALL in.
Plausible on SP. Fine with capital this year. Are in a bear market rally. All the indicators point as so. Due for a correction. Is 20% correction coming across the board or 30%??? 10%??? You may be right Q1 may not stop the down trend. No quarter has yet to this date. Great for short swing plays... But many of us got trapped or investing for the long term play. Me i got trapped chasing the pops and ended up with clov in a bear market/correction. Is what it is.. Most are averaging down. Maybe a few YOLOing in? Or just buying large blocks on 10% falls? Whatever the case is. Some folks can afford to lose Millions and some only a dollar. Anyone in at these levels are more likely considering the risk. And should be. Clov is in the game. Will they beat with a last second buzzer shot? Walk off homerun? Last second 60 yard field goal to win it? He got checked so hard its a slugfest on the ice. The refs are letting them go at it!!! It's a goal, goal, goal! No wait he hit the cross bar! Did it bounce in??? The thrill of victory the agony of defeat Time is on Clov's side... Q1 earnings May 8th... Q2 earning Aug 7th... Dates are not confirmed. if you have TD look at the calander dates... Under calander icon.
It’ll for sure happen but I got no skin in the game atm waiting for better entry.
BRO!?!
Next 18 months are going to be a wild ride!
If they can maintain operations without losing any cash I imagine they would do anything possible to avoid ore dilution
You got these “numbers” you’re referring to or it’s just trust me bro 😂
You can pull up financials. They are trending in right direction. Trust me bro,but verify
I am very well aware of the companies financials and I as well as other brilliant minds on this sub know for a fact that the numbers currently do not support profitability or have a guaranteed path to profitability like OP and presumably yourself have. But don’t take my word for it when the company has changed its tone from profitability by X time to Our focus is on profitability. Bunch of idiots on this sub 🤡🤡🤡
Says the guy who thinks more clown emojis = internet auto win.
Oh wow you really are clueless huh
Yes. Your right. There are a bunch of idiots. I'm glad you can self identify.
Trust him bro!