UNT 2.63% 2.0¢ unith ltd

AI Companies on ASX, page-5

  1. 1,959 Posts.
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    Yes, I was familiar with them. A $780m MC company with the following from their recent quarterly

    The Company ended the March 2023 Quarter with US$17.7M in cash compared to US$23.1M in the prior quarter. It should be noted that the A$12.2M cash received from LDA Capital will be reflected in the Appendix 4C for the next quarter.

    BrainChip reported net operating cash outflows of US$6.3M vs.US$1.9M in the prior quarter.Cash inflow from customers in the current quarter of US$0.04M was lower than the prior quarter (US$1.1M).

    You compare the above with Unith:

    $5m in the bank
    Minimal quarterly burn rate
    $4-5m annual revenue (set to grow significantly)
    $25 MC
    Major cornerstone subscription tech about to launch.
    Last edited by SDJungwirth: 19/05/23
 
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