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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0.2¢ |
Change
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Mkt cap ! $396K | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $5.301K | 2.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5389826 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1456295 | 3 |
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