Last qtr revenue 390k
Cash flow negative 522k.......
We know some of that revenue is from other avenues such as Mycaravan etc etc.
Say 250k is from DMC they need to grow the business 200% to get to cash flow neutral and thats pricing in no increase to costs.
Im still watching but to scale this business to the point of profitability will be difficult. The market is also becoming competive.....
You will remember i spoke about them being number 1 and the first in this P to P sector for car rentals but the likes of Car next door and others are taking market share.
Just my view and that could be wrong!
Yes IMO the company needs to tighten the belt now to benefit shareholders.
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.488M | |||
| Open | High | Low | Value | Volume |
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| CL8 (ASX) Chart |
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