Powerhouse's third quarter results show cash constraints
The tech incubator is banking on selling off portfolio companies.
Powerhouse Ventures’ forecasted costs for its fourth quarter far outweigh its cash reserves but it anticipates selling off four companies to bolster its coffers.
In the three months to March 31, Powerhouse made revenue of $97,000, and $393,000 in the nine months to that date.
It spent
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Calida Smylie
Tue, 01 May 2018
Tue, 01 May 2018
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Powerhouse's third quarter results show cash constraints
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