Revenue may have risen in recent years, but so have costs.
They are only at breakeven in the first 3 quarters on operating cash. Last quarter who knows (see above)?
They made losses in 2017-18 and 2018-19. Despite the rising revenue it is probably break even at best this year.
That is why I sold and why the market cap is $3 million. They need more size to be profitable given the low margin, but have been unable to deliver.
No contracts yet in eastern States which could provide scale, but are just a cost at present.
Ann: Appendix 4C - quarterly, page-11
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Mkt cap ! $990K | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1100000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 862469 | 1 |
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