@ madamswer - agree with this 100%.
The business is investing in staff / R & D etc for growth & for the future - but the market cap is probably pretty fair for the current level of growth / cash flow position / profitability.
It was a good result to get to cash flow positive this quarter, but total outgoings have increased from $5,558k in the same quarter last year - to $7,381k in this quarter.
Same quarter last year generated a $566k CFP number (versus $252k this year).
And April to June appears to be a pretty strong historical quarter for cash receipts.
Therefore the business needs to significantly grow it's cash receipts / revenues going forward - to maintain a cash flow positive position, and to then (hopefully) get to profitability.
I also agree with one of the other comments - the reporting structure could do with some work IMO.
Understand that all companies want to highlight what they perceive as positives, but % comparisons versus the PCP & versus the previous quarter would assist all investors to understand the result better IMO.
Will continue to hold, and see how the next 6 to 12 months play out - and hopefully they can crank up further sales & gain even more traction in their target markets (whilst maintaining strong control over their margins / expenses / total outgoings).
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7.8¢ |
Change
0.005(6.85%) |
Mkt cap ! $104.7M |
Open | High | Low | Value | Volume |
7.4¢ | 7.8¢ | 7.2¢ | $93.31K | 1.255M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 147909 | 7.3¢ |
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Price($) | Vol. | No. |
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7.8¢ | 2036 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 147909 | 0.073 |
2 | 263888 | 0.072 |
4 | 517850 | 0.070 |
1 | 8000 | 0.067 |
2 | 55450 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 2036 | 1 |
0.080 | 192000 | 2 |
0.081 | 385463 | 1 |
0.082 | 21578 | 2 |
0.083 | 111484 | 1 |
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