And that compares to $115 million the company lost in Q1 of 2016. The company says it ended the quarter with $203 million in cash and investments on the books, down from $243.3 million a year earlier. Pandora used $36 million of its cash to operate in Q1 of 2017, compared to $13.1 million in Q1 of 2016. The company projects it will lose another $50 to $65 million in Q2.
