Financial PerformanceLiquidity remains a concern despite recent cash burn reduction: MSGM had $1.3M of cash on its balance sheet at the end of Q1, and the balance has remained flat at $1.3M as of April 30.
LiquidityMSGM ended Q1 with ~$1.3M of cash, which is not sufficient to fund operations, and management continues to explore a variety of strategic alternatives for the business, including a debt or equity raise or a sale of some assets.
RevenueRevenue expected to come in slightly below expectations.