Agreed, they need to win contracts and large ones, at present no news = no large contracts. Investors are not silly and see this and as a result they are bailing in the interim, thus is the result of the SP recently.
Positives are increasing ARR each year, if they end up hitting expected $7m ARR by end of FY22 + a few contract wins they should have essentially been able to cover the staff wages, continually growing ARR into FY23 they might be cash flow positive however if they pursue more M&As I just don't see the company having enough cash in FY23 and fear another cap raise, as has been seen with increased M&As appears to be more additional staff costs which as evident gobbled up cash last QTR.
One very important point to note this company protects data for national security, I would think if this company disappeared it would be a....national security concern.
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7.3¢ |
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Mkt cap ! $20.92M |
Open | High | Low | Value | Volume |
7.3¢ | 7.3¢ | 7.3¢ | $1.518K | 20.8K |
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No. | Vol. | Price($) |
---|---|---|
8 | 186548 | 7.0¢ |
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Price($) | Vol. | No. |
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7.3¢ | 3614 | 1 |
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No. | Vol. | Price($) |
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8 | 186548 | 0.070 |
3 | 60466 | 0.069 |
2 | 20000 | 0.068 |
2 | 50615 | 0.065 |
1 | 7820 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.073 | 3614 | 1 |
0.077 | 32889 | 2 |
0.080 | 193118 | 3 |
0.082 | 49470 | 1 |
0.083 | 24240 | 1 |
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