They are making free cash flow right now, so they are making money. The losses on the balance sheet are primarily from depreciation on network assets. These assets in reality have a very long lifecycle. Fibre in the ground is a large defensive advantage, network throughput (capacity) can be upgraded with only incremental investment. (ie dark fibre is called that because it isn't lit or powered - the strength of the equipment either end dictates the speed, amongst other things (the type of fibre and the wavelength used).
TLDR: There are only losses on depreciation because the company overinvested in its early stages. Now it is actually growing sales without much Capex which is the best part of the cycle.
They are making free cash flow right now, so they are making...
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Last
$1.31 |
Change
-0.020(1.50%) |
Mkt cap ! $656.3M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.33 | $1.29 | $329.7K | 252.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8915 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 3102 | 1 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$1.30 |
Change
-0.020 ( 2.43 %) |
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| Open | High | Low | Volume | ||
| $1.32 | $1.32 | $1.29 | 60528 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| SLC (ASX) Chart |