sales volumes look low takeup to me. Dont know why they are comparing to FY19. thats pre prospectus, they weren't listed then, thats very opportunistic to use FY19 when that was pre-listing. Sales volumes not accelerating, up only 5% sequentially, for a stock with a negative gross margin that shows their sales is well behind the production.
Wheel sales to Carbon Revolution’s OEM customers have grown significantly throughout the financial year, with quarterly wheel sales volumes growing to 3,463 (a 5.0% increase from Q1 FY20 and a 191% increase from the previous corresponding period of Q2 FY19). Big cash burn forecast for next quarter.
Keep on mentioning positive cash balance. Again opportunistic, the IPO raise is the reason for the cash balance not the business!
It keeps getting trumpeted by the small time broking community.
