so guidance downgraded to 60m (ish)
construction delays due to weather and supply chain, with increased costs for labor, materials, inflation etc
good news is that revenue and cash flow is up
Looking at the financials, Employees and Admin expenses have increased by $2m which is fairly significant.
Operationally theyre cash flow +ve (even excluding the tax grant) and have been spending on PPE (as expected)
They're receivables > 90 days is quite high AND they've lowered their loss amount which i find interesting
$5m in cash means they're going to look for capital in about 6months if things stay this way
i like the business, but i might revisit in a few months
(these notes are mainly my thoughts for myself to come back to)
