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Ann: FY21 Results Presentation, page-7

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01Sob01

58 Posts.

25/08/21

12:30

Post #: 55557854
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Originally posted by SteveSage: ↑

challenge is the cash burn........they had ~10m in cash outflows in FY2021 (including lease and payment for capitalised R&D)

in FY 2022 if they plan to spend 17.5m in R&D, it's 7.5m more....that means that they will actually increase cash burn given their margins

also it should be noted that their margins are very low (at 60%) for a SaaS business so they need to generate $1.65 in revenues to cover $1 in other costs

Given they have also flagged an increase in FY2023 on R&D (again another 6-7m step up), they need to generate at least ~16m more in revenues each additional just to stand still (cashflow wise) ....and that is if you assume no increase in other expenses

market seems to like the strategy, I hope mgmt know what they are doing

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well remember the insto's came in at $3.75, so the "market" will like anything with a positive feel that gets them closer to that price.

WSP Price at posting: $2.45 Sentiment: None Disclosure: Not Held
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0 Great analysis

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