This company has like 5.5mil in the bank, an EV of 13mil and revenues of 3mil (All $Aus).
I am invested in some 60 ASX stocks and one thing I will give this company credit for is that they keep all of their costs low. their staff, admin and most importantly their product and manufacturing. Any ramp up in sales will shoot this into CF+ territory. I am not sure if that will be next quarter as we do not know if the backlog of the balance sheet will be fulfilled then and what the terms of payments are for many customers (have hear as long as 90 days).
I think for the next 2 quarterlies we need to focus on revenue and then for the quarterly released in Jan 2019 focus on CF. Would be nice to get interim sales updates
ZNO Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
