IWG 0.00% 4.0¢ iwebgate limited

Revenue was never going to blow the lights out, not sure what...

  1. 639 Posts.
    lightbulb Created with Sketch. 27
    Revenue was never going to blow the lights out, not sure what everyone was expecting. Cash burn is high as they increased the sales staff and potential deals overseas.

    The cash will get them 3/4 months. But I think the main point everyone may be missing is that they have signed up ESA partners to help with further raisings. Now with the qtrly update out as well, they talk about US contracts and UK telcos, I would imagine if ESA like the story and can raise them capital over time, they must believe in the growth path of the company. They were never going to blow it out of the water this qtr, it will take time to get the market. It will be done.
 
watchlist Created with Sketch. Add IWG (ASX) to my watchlist

Currently unlisted public company.

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