I keep looking at their balance sheet (Source ComSec June 2019 - 2020, page 47 NEA Shareholder report) and their other financial parameters and I just cant help feeling concern. Book value down, share dilution, increased debt, NTA down, and earnings down on per share basis. Sales improving, but I do think it is time it started to manifest in a clearer view to bringing the balance sheet back to a positive position. As of June 2020 total liabilities some $69,000,000 verses total assets some $63,000,000, never a comforting investment stand point. Thankfully the share placement helps but there seems to be a fair degree of faith required in their projections. Having a CAD background I strongly believe in their tech and think long term the outlook is positive. The wait is starting to frustrate me as well. The financials need to start correlating with the hype, before sp lifts substantially.
only my opinion do your own research.
NEA Price at posting:
$2.32 Sentiment: Hold Disclosure: Held