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[Xenon481]

http://www.sec.gov/Archives/edgar/data/1416265/000114036113019880/form10q.htm

It's just a slight bit more complicated to read since it is split into two companies with separate financials (on the same filing) now. In the below, I combined the totals from both companies.


Q2 2009 - Loss before other income: $2,617,400
Q3 2009 - Loss before other income: $2,289,092
Q4 2009 - Loss before other income: $2,868,908
Q1 2010 - Loss before other income: $2,747,524
Q2 2010 - Loss before other income: $2,787,434
Q3 2010 - Loss before other income: $2,404,217
Q4 2010 - Loss before other income: $2,566,804
Q1 2011 - Loss before other income: $3,097,283
Q2 2011 - Loss before other income: $2,837,560
Q3 2011 - Loss before other income: $2,837,290
Q4 2011 - Loss before other income: $3,519,037
Q1 2012 - Loss before other income: $4,690,488
Q2 2012 - Loss before other income: $3,545,603
Q3 2012 - Loss before other income: $4,448,773
Q4 2012 - Loss before other income: $4,764,596
Q1 2013 - Loss before other income: $4,504,040

Prosper currently has (as of March 31st, 2013) a combined "Cash and Cash Equivalents" of $19,983,593.

Q1 2013 - Combined Net Revenue: $1,631,526
Q1 2013 - Combined Operating Expenses: $6,135,566

In Q1 2013, Prosper spent 96% of their "Net Revenue" on "Marketing and Advertising" alone.

[God-Father]

So at that rate, they will  be out of cash around the middle of August 2014.  I wonder if is possible that they can get another cash infusion.  If history is any predictor of the future, I would guess yes.

[Xenon481]

So at that rate, they will  be out of cash around the middle of August.  I wonder if is possible that they can get another cash infusion.  If history is any predictor of the future, I would guess yes.

 

At the current burn rate, they have cash to last to Summer of  2014.

With the new management and most of the loans going to the whole loan program, it is possible that Q2 might be a decent turn around. We don't know yet, though.

The big question is whether or not Prosper is able to scale properly under the new management. Thusfar, Prosper hadn't been able to scale under the old management; increasing their revenues kept requiring increasing their expenses at even faster rates. The Q2 and Q3 filings will be better indicators of the future.


Edit: Nominating to The Lobby

[God-Father]

So at that rate, they will  be out of cash around the middle of August.  I wonder if is possible that they can get another cash infusion.  If history is any predictor of the future, I would guess yes.

 

At the current burn rate, they have cash to last to Summer of  2014.

With the new management and most of the loans going to the whole loan program, it is possible that Q2 might be a decent turn around. We don't know yet, though.

The big question is whether or not Prosper is able to scale properly under the new management. Thusfar, Prosper hadn't been able to scale under the old management; increasing their revenues kept requiring increasing their expenses at even faster rates. The Q2 and Q3 filings will be better indicators of the future.


Edit: Nominating to The Lobby

I was obviously sleeping when I did my math.  I did months not quarters.