I can't see much of a future for this stock, going forward it will need to scale up to keep up with the enormous demand for EV technologies.
This is is going to be detrimental for RFT's revenues as it will soar multiples in no time.
Sure, we have Tritium for now, but demand from other players will come in, putting pressure on RFT employees, hence this will result in hiring of new staff increase opex.
Ann: Product Purchase Orders from Tritium Pty Ltd, page-56
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0.8¢ |
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Mkt cap ! $11.05M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $1.738K | 221.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2452709 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 6124578 | 6 |
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| RFT (ASX) Chart |