I'd say this one offers trading opportunities, but not investment grade yet.
It exported to 20 countries, but generated $1m - $2m revenue, current market cap $83m.
"K-TIG’s revenue model to date has been based on unit sales of the K-TIG System. K-TIG generated $1,239,710 of revenue in 2017, $2,236,196 of revenue in 2018 and $1,069,198 of revenue in 2019. The decline in K-TIG revenue in 2019 is largely attributable to the work undertaken on K-TIG’s conversion from unit sales to the proposed ‘Welding-as-a-Service’ (WaaS) business licensing model, and one time sales revenue to longterm recurring licencing revenue. Investors should be aware that K-TIG is currently loss making"
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- Ann: K-TIG to commence trading on the ASX
Ann: K-TIG to commence trading on the ASX, page-49
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