I asked Microsoft Copilot to provide an opinion of the document. This is the response provided by Copilot:
Searching your page for information
Based on the information provided in the report, here are some key points about Netlinkz Limited’s financial position:
Increased Revenue: The company saw a 4% increase in revenue from ordinary activities, reaching $21.6 million for the year ended 30 June 2024.
Significant Losses: Despite the revenue increase, Netlinkz reported a net comprehensive loss of $16.1 million, which is a 34% increase in losses compared to the previous year.
Debt and Liabilities: The company has significant borrowings and current liabilities, with total liabilities exceeding total assets, resulting in negative net assets of $3.3 million.
Going Concern: The report mentions a material uncertainty regarding the company’s ability to continue as a going concern, highlighting the need for restructuring and additional funding.
Overall, these points suggest that Netlinkz is currently in a poor financial position.
- Forums
- ASX - By Stock
- NET
- Ann: Preliminary Final Report
Ann: Preliminary Final Report, page-6
Featured News
Add NET (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NET (ASX) Chart |
Day chart unavailable