Here (on the message to which I'm responding) are the company only cash estimates (before net asset changes) to review when the 10k appears.
Also group figures will be interesting:
Group loss for the quarter was $4.9m, so they found another $3-400k of losses to add.
Stock-based compensation was $1.4m (rounding change)
Non-cash depreciation was $0.6m ($0.3m higher than my company only forecast - so surprisingly high, meaning I think he's writing the goodwill off quickly, or Safend has a lot of fixed assets)
Non-cash Safend error was $1.0m
So before net asset balance changes, net cash outflows amounted to $1.9m or so.
Cash bf was $6.9m
Cash cf was $3.4m
So the net total cash outflow was $3.5m.
This means the remaining $1.6m change was explained by changes in asset values, as well as investing and financing activities. This is about the difference between the increase in AR and the increase in AP. So most everything else (including the change in deferred income and the warrant receipts) nets off.
I guess this also means Safend's loss was around $700k for the quarter ($4.9m less $4.2m). Absent the extraordinary loss, this means Safend turned a quarterly profit of around $300k. Hey, there's some good news here!!
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