Despite reporting an operating profit for the quarter of a tiny 100K, Beamtree still saw a cash outflow of 800K

Forecasting an operating profit for FY24.

Seems like Beamtree are using operating profit rather than positive free cashflow as a performance metric?

Wonder what made them go negative cash when they reported an operating profit. The only thing I can think of could be they capitalised their software development expenses.

Kelsey still has zero Beamtree shares.

Not held