6th March - Entire executive team sells their shares.
14th March - New $4.3m contract announced with US Gov
15th April - 10X Q1 Revenue Growth, but strangely flat Cash Receipts - Aggressive revenue recognition???
This included a new increase of $322k in SAAS sales - which are typically billed month AND it includes government grants (R&D tax incentive payments, etc)... indicating a BIG fall in monthly hardware cash receipts. (No wonder the execs bailed a month earlier)
17th April - NATO Framework Announced
18th April - Snap capital raising at huge discount, raising >$100m rapidly in anticipation of imminent huge orders.
22nd May - New $5.7m contract announced with US Gov
20th June - New $4.7m contract announced.
In 2024, we've seen a grand total of $14.7m in new contracts announced... in almost 6 months.
For a business with an implied market valuation of $1.25bn...
Start of the year the share price was $0.38.
$14.7m in new contracts (revenue, not profit) resulted in the market cap rising by about $1bn.
Yes folks, that's what we in the business call irrational exuberance. This name has gotten too hot to handle and what we're seeing is totally rational profit taking. It needs to get a lot more runs on the board to justify this valuation.
Chartists and their delusions, page-21
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Last
$1.11 |
Change
-0.065(5.56%) |
Mkt cap ! $994.1M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.20 | $1.11 | $15.18M | 13.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 544964 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 10725 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |