Good to see company expects underlying EBITDA to be positive in 2022, a key part of an overall okay quarterly.
interesting though that IME reported net cash used is operating activities in the Sep quarter of A$604,000 contributed to net cash at the end of the period to A$2.7 million.
if that trend continues, easy to see the need for another CR mid 2023, with further dilution.
that trend would be moderated if the company can continue bringing on new customers at the same rate as in the Sep. quarter and finally land the two big fish they've mentioned in the past two quarterlies.
this would improve all the metrics and be supportive of the SP.
patience required.
IME Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)