Figures I have seen (Market Screener) suggest losses of $27m in 2018-19, $19m in 2019-20, and $5m in 2020-21. After that, they may start to generate profits. They just have to keep pumping up the revenue at 50%+ per annum. So with $46m in the bank they are not going to survive without another capital raising. They will probably hold off for another 12 months at least, but it is coming. Its not to be unexpected.
Other companies founded by Big Bev have all gone through the same process. NXT is a $2bn company but still put its hand up for more a couple of months ago. Its the nature of the beast. These are not get rich quick companies. You need to have a five year plus view. Otherwise move onto something else.
Figures I have seen (Market Screener) suggest losses of $27m in...
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Last
$8.32 |
Change
-0.070(0.83%) |
Mkt cap ! $1.332B | |||
| Open | High | Low | Value | Volume |
| $8.37 | $8.45 | $8.21 | $6.731M | 807.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2771 | $8.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.35 | 3400 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |