MQA Says Its Operating Losses Typify Those of ‘Early-Stage Growth Companies’
MQA, the British company that licenses the Master Quality Authenticated hi-res audio platform to record labels and hardware manufacturers, answered our questions with few specifics about the financial disclosures in a U.K. government filing that showed its 2017 revenue increased…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
nearly 400 percent to just under $200,000 (see 1809240013). “MQA is a start-up company and we have a clear roadmap to accelerate growth and achieve profitability,” emailed the company. On why it incurred a 2017 operating loss exceeding $9 million on sales of under $200,000, MQA said: “As is frequently the case with early-stage growth companies, the expenses figure noted in the financial statements includes significant non-cash expenses associated with equity issuance to shareholders.”