SIS spent last year getting their costs under control.... now they've just got their balance sheet under control....
As at Dec '20 they had $800k in the bank, which on existing business should be good to fund the business for another two or three quarters - so yes they may need another equity top up in that period, but the likes of UCR and Daniel Tillet have demonstrated they are firmly behind the business, so I don't see that as being a problem (especially since UCR have been prepared to convert their notes at a 45% premium to prevailing share price.)
My bottom line is that this company is now super primed to benefit from any incremental new business wins.
SIS spent last year getting their costs under control.... now...
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