Question · Q2 2017
Jay Harris of Axiom Capital requested a detailed breakdown of the primary drivers of cash burn during the first six months of the year, asking for specific dollar amounts.
Answer
VP of Finance Narsi Narayanan explained that the cash reduction was primarily due to shareholder-friendly actions and inventory investment. He specified that in Q2, the company spent $2.1 million on share repurchases, over $1 million on dividends in the first half, and invested over $4.5 million in additional inventory, with litigation expenses also contributing.