No, they dont need to raise any money! Like you said, they have 50m in the bank. With a burn rate of 3m a quarter and booked sales of 4.2m last quarter (and growing) they should be cash flow break even some point this year. they need to raise their profile with the tech investor base imo and hopefully with them marketing they should be able to do that.
I am hoping that will lead to more on mkt buying. plus, I read that the asx will announce their inclusions next Friday and a few brokers have mentioned that 1pg could be included!!
Fingers crossed!
Add to My Watchlist
What is My Watchlist?