Personally, I'm not at all disappointed by the strategy to invest for growth at the expense of an occasional quarter of neutral or slightly negative cash flow. Gross profit continues to increase.
The Company has a large cash balance and will continue to operate prudently so that no capital raise is required. The team confirmed that on a 12-month view, they will continue to operate CF+. I'm pretty pleased with that.
Moreover, the team confirmed that they are on track with respect to the initial plan laid out at the 2020 AGM. According to those timelines, that means they are on track to secure another OEM in the next couple of months. The timelines in the 2021 AGM preso did not change with respect to the 2020 AGM preso.
Patience is often rewarded. Let's see if it is here.
CXZ Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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