Looking at the current financial report, sadly, their not cashflow positive yet, with a loss of 4.6 million in the half-year to Dec 2022. I had great hopes for this stock over the four years that I've had it, and while there has been some good times (with the share price) I'm losing faith and am a tad worried about it's future, and hence why in my limited opinion I'm contemplating selling. Their net tangible assets have more than halved from 2.8 cents to 1.2 cents in today's announcement. There's other info in the report that has me concerned, eg around their borrowing and growth of revenue that does not overawe me, and I think they're at the mercy of KPMG, but again, that's my opinion. Short-term there'll be more pain I think, but longer term, it's hard to tell as the barrier to entry in their operating space is not exactly high.
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- Ann: Appendix 4D and Half Year Financial Report
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