The statement about recording its most lucrative quarter is referring to prior quarter.
Q1 will only be around $750k unless a contract is won beforeQuarter end.
Cash burn is expected to be $700k so yes cash flow positive, but this is on a 35% reduction on salaries.
Driver distraction program will take until the end of the year. I don't think thiswill be a strong revenue driver for SNS, ~approx. $120k in fines per year at10k fines issued per month. SNS may take10-30% of this + upfront installation cost.
The board has done well to continue operations, grow the business and match burn with revenue.
$2M COH will need to be used for investments in R&D and I fear a CR is likely this FY, perhaps Q2 if no major contracts are won.
10c valuation = $44Mcap with only 3.5M ARR =12x multiple. (outside of my range of comfort for SaaS plays).
Good luck guys - I really like the company - hope it plays out well for you.
Australian Financial Review article, page-6
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Mkt cap ! $39.65M | |||
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 177584 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 89817 | 1 |
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