Receipts from customers about $11,000 per month given they received $33k for the quarter.
At 2,800 or so in use devices, they're returning about $4 a month each right now... my calculations may be wonky, and obviously each licence is on less than full commercial terms.
But with 1.35 quarters left, we need capital again when the last raise is still very much in the rear view mirror. Feels like it was only weeks ago.
Difficult one. I liked the update and the webinar, and the device is proved and well liked by people in the industry. But can it actually be commercialised?
It is a very difficult company to scrutinise in terms of investment "quality". Basically just need to trust it will eventually gain significant traction and the company can stay solvent until then without diluting us to oblivion.
Feel a bit silly about that 27 cent additional lot I bought after Joondalup was announced (and I thought I'd waited for the pull back there, as well!)
HMD Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
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