X2M 6.25% 3.4¢ x2m connect limited

Ann: FY22 Results - Investor Presentation, page-6

  1. 6,994 Posts.
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    When the cash burn is the market cap p.a. its a bit of a red flag. $2mill of share based payments in FY21 and $2.1mill in FY22 is interesting given the SP decline. Margins in FY22 are worse than FY21 even though revenue was up 99% YoY.

    Proof of margins will be the re-rate here, otherwise there will be plenty more dilution on the way.
 
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