BUD 0.00% 0.6¢ buddy technologies ltd

The last two quarterlies they have forecast cash-flow breakeven...

  1. 8,751 Posts.
    lightbulb Created with Sketch. 782
    The last two quarterlies they have forecast cash-flow breakeven in Q4CY2019:

    The Company reiterates its guidance that it remains on track to achieve cash-flow breakeven in Q4CY2019

    They have forecast reduced spending;

    Management is committed to bringing down our spend each quarter, with double digit percent cost reductions and efficiencies being identified across the business.

    In my opinion they would have to reduce spending significantly unless they win a whale of a contract. Also that whale will need to be won soon, as time is running out to get a large number of installs completed by September 2019, which would be required for a full quarter of cash receipts in Dec 2019.
 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.