And even more cash on hand if I'm reading correctly, but even ignoring cash on hand, the market cap is a very low multiple of revenue (which is growing), even if we add the debt to the market cap.
I admit to being Johnny Come Lately here, not someone who has been watching long term, so I'm not yet sure why they don't just pay off the debt. No doubt that would cause another dramatic rerate, but either way, the debt doesn't seem terrible if they're cash backed, cashflow positive and growing.
Ann: Delorean Corporation Market Update - FY24 Guidance, page-40
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14.0¢ |
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Mkt cap ! $30.83M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 12.0¢ | $309.3K | 2.168M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28600 | 13.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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