Great presentation - and it clearly shows what all shareholders want this company to achieve going forward.
The TAM's are simply massive - so even a small % of these markets would make CDX a very large company.
With regards to "needing more funds", CDX has:
Revenues increasing by around 30% - 40% year on year. This increased revenue will obviously flow through to cash receipts.
Cash in bank of $4.879m at 31 March 2021.
MOBVOI smart watch - first shipments expected to be sometime late this quarter, so payments for these smart watches will probably start to be received July / August / September 2021.
CDXO - there is approximately $6.35m in 5 cent options due by November 2021, and IMO these options will all be in the money. Who knows, the Directors / Major Shareholders may decide to underwrite these options - which I have seen done in other ASX companies I own?
Operating cash outgoings for the last 3 x quarters have been:
July - Sept 2020: $1.18m
Oct - Dec 2020: $545k
Jan - March 2021: $1.57m
This is an average operating cash outgoing figure of just under $1.1m per quarter for the past three quarters - which suggests (obviously excluding any increased inventories) CDX have enough cash for around 4.4 quarters.
Or enough cash for just over 3 quarters - if you use the latest quarterly nett operating cash outgoings figure of $1.57m.
So my gut feeling is that CDX won't "need more funds" - unless it is for seriously cranking up their stock levels on all the new products.
And maybe also some extra marketing - but our "partners" will no doubt assist with this.
Really looking forward to the next 12 - 18 months here
