To be honest I am surprised it’s not down further. On 23 Jan they forecast revenue of $18-23m for FY17, less than 4 months later that’s turned into $11-14. Given they had $6.4 in the bag, the downgrade for 2H is from $11.6–16.6m to $4.6-7.6m. They have expenses at $20-22m and maybe a touch over $5m cash – they are in trouble without a large capital injection or lifeline from a t/o.
Ann: FY2017 Update and revised guidance, page-10
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.71M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $18.25K | 137.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55950 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 3554 | 1 |
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| Last trade - 14.25pm 13/11/2024 (20 minute delay) ? |
| AVA (ASX) Chart |