NEA are generating $6m EBITDA which generally suggests the cash...

NEA are generating $6m EBITDA which generally suggests the cash impact from operating activities. In my professional accounting opinion looking at the balance sheet taking into consideration that NEA are generating a positive EBITDA with continued top line hyper growth and the fact they appear to be receiving a good chunk of their working capital upfront as indicated by the large unearned revenue liability, any further capital raisings would only be acceptable to fund future acquisitions or fast track roll out of IP.