Cash position is again US dollars, so it is actually ~AUS$55.16 million.
And this is the biggie - no debt!
So if they can stop bleed, with no debt to repay and a healthy cash balance - in the gen AI space - then rerate comes.
Last year - with Google - they lost US$12.4 million for the four months from Jan 23 - April 23.
So April this year - without Google - they lost US$1.3 milllion.
The right sizing of the business is working without Google, at the current market cap.
Broker rerates to come.
Above is not financial advice and my opinion only.
Cash position is again US dollars, so it is actually ~AUS$55.16...
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