It's a great outcome. A couple of months down the track all sorts of companies will be taking note of XMs service provider. And it will be a whole quarter, a neat tidy 90 days to report at EOFY. Easy to extrapolate.
I'm actually pretty happy at the low key ann with the price sensitive ann only on the quarterly. Stops the speculation spikes and volatility.
2 things I'm thinking would hold you back from this stock at the moment.
1 - burn rate. Last quarters labour was at 2mil and expenses are forecast at 1.6 for the next quarter. 5.4 in the bank. Only gives you 3 quarters until CR. definitely heading into CR speculation territory.
2- try to put a forecast on the revenue is pretty difficult. I couldn't see a rev forecast in the quarterly. I'm hoping it is break even in the next 6 months. Stave off the CR.
Funny how the speculation of contracts with xm et al pushed the sp into 50c plus but the go live got it to 16.5c.
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