Question · Q3 2024
Daniel Cid of Spruce Line Capital asked about the company's plans for the $3 million in capital that was recently raised.
Answer
David Jonas (executive) stated that the capital serves as a strategic backstop and a source of security for the company. He explained that having a larger cash balance provides the confidence to take healthy, calculated risks on new licenses and other business opportunities while the funds are invested in secure, liquid assets.
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IDWM's earnings beat/miss a week before the call