So what about all your current shorts are they still in the money.? You have to be careful when there is continious improvement. Who remembers Amazon who in 1999 lost around 40% of its $1.6bn turnover - From start it took 9 years to turn a profit and 7 years after IPO. This isnt an Amazon but essentially everyone, including myself loves a business that has annuity type income. I certainly think there are a few more twists but it has an outcome that should start bring profitable in the next 18 months. The issue is the bottom line is a loss but it is reducing. The reductions seem to be increasing so it has around 20 months actual cash assuming no continuing improvement and if you took Q4 then it has has more than enough to get to positive cash flow. Cash flow secures the time to mature and grow profitability. There may be bumps but really this was a good result. Not sure the increase in SP wasnt a bit overdone but logically bagging it wasnt logical.
SDR Price at posting:
$4.17 Sentiment: None Disclosure: Held
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