Managers redeployed as Search Party burns cash

Managers redeployed as Search Party burns cash

ASX-listed recruitment site Search Party burned through nearly $10 million AUD ($7.9 million U.S.) in cash in little under 12 months, and now has just $600,000 AUD ($476,411 U.S.) on hand, which it hopes – along with an anticipated $1 million AUD tax rebate – will fund the company for the next 12 months.