AZU azurn international limited

woops! have a look at that interim report!

  1. 780 Posts.
    Well, on revenue of just over $6M, they lost over $7M!
    They have just listed and they have less than $1M in cash at the Bank.
    Their Cash Burn is $2.2M per annum in operating alone, plus P&E of about $500k per annum (a total of about $2.7M).

    Current Trade Liabilities alone of over $10M (so these are real and will need to be paid, keep in mind total revenues were only $6M per annum) plus financial liabilities of $6.8M, total current liabilities of nearly $17M.

    Oh and did I mention, less than $1M in the bank!

    Looks to me like this company is going out the backdoor in record time!

    Good luck!
 
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