WRR 0.00% 16.0¢ world reach limited

Hi Imran, I completed a quick exercise on this stock un-audited....

  1. 96 Posts.
    lightbulb Created with Sketch. 5
    Hi Imran,

    I completed a quick exercise on this stock un-audited.

    Including FY2011 until Q1 Fy2015 the company has generated revenues of $48, $3M operating cash flow, and -$1M in free cash flow. Debt has reduce by $1M and cash increased by $0.5M, the balance of this sum has been made up from recent capital raisings.

    The company has had three quarters in this period which have produced meaningful FCF i.e. above $700K. Subsequently followed by poor quarters and R&D spend.

    I am not convinced that the company has the scale nor the product demand to produce consistent profit.

    I appreciate that they are coming to the end of a product update cycle.

    What is going to lead to sustained profit from here?
 
watchlist Created with Sketch. Add WRR (ASX) to my watchlist

Currently unlisted public company.

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