RFX 0.00% 9.7¢ redflow limited

Ann: RFX 1H19 Investor Presentation, page-3

  1. cyw
    3,318 Posts.
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    Probably the only thing I did not know is that there are about 60 batteries sold but not yet delivered and not included in the revenue.  If counted, the half year sales would be over $1M.  Unfortunately there is not much in terms of short term performance guidance.  Let's see what they have to say in the conference call.

    To be cashflow positive, they need to sell 4-5 times more batteries than they are doing now which I think may take a couple of years unless there is a surprise large sale in the near future.

    I expect another 1 to 2 capital raising before cashflow positive.
 
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