I do not see a problem if they achieve their forecasts. They just raised $2 million and the July 6 presentation predicted 2021 40% revenue growth (on $16 million) or $22.5 million and a gross profit margin of 35%.
So gross profit would rise from $5.2 million in 2020 to $8.6 million in 2021. They were already at cash break even last year, after deducting one off inventory costs.
So the extra cash flow and the issue should provide over $5 million, which seems enough to cover interest and debt repayments ($2.4 million?) and any capital spending which should be less this year than last when it was $1.8 million.
- Forums
- ASX - By Stock
- Ann: June 2020 Quarterly Activities Report
I do not see a problem if they achieve their forecasts. They...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CG1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.64M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44000 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 6790 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 44000 | 0.076 |
1 | 7000 | 0.075 |
2 | 39374 | 0.072 |
1 | 100000 | 0.069 |
1 | 14720 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 6790 | 1 |
0.085 | 106095 | 1 |
0.090 | 10000 | 1 |
0.100 | 66731 | 2 |
0.125 | 6000 | 1 |
Last trade - 16.12pm 28/08/2024 (20 minute delay) ? |
Featured News
CG1 (ASX) Chart |
Day chart unavailable
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online