I think that by the end of this year they need to make enough $ to cover their operating costs for another 12 months.
How so? Please explain that math to me.
They are averaging about $36m a year. And by the SQ42 financials for 2016, they spending about $2m a month means that worldwide, they have to be burning through $3m.
So it is now Q3/17, and even if they made the same amount as last year, how does that carry them another 12 months, if their spending rate remains constant?
Also, from the
funding spreadsheet, new citizen count is way down.
1H2014: $11,838,147 pledged and 145,210 new Citizens (2014: $32,933,205 and 361,200)
1H2015: $16,055,646 pledged and 210,197 new Citizens (2015: $35,961,202 and 433,453)
1H2016: $12,400,064 pledged and 264,240 new Citizens (2016: $36,100,538 and 565,120)
1H2017: $12,669,915 pledged and 129,036 new Citizens