I guess company had 83.3m cash at Dec 2023 and now they had 34.1m at end of March 2023 so basically $50m spend in 3 months is what scaring the market. Company tried to be smart and instead of comparing cash with previous quarter they are simply comparing it a year ago !
Ann: Kogan.com - April 2024 Business Update, page-7
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$4.22 |
Change
0.040(0.96%) |
Mkt cap ! $424.6M | |||
| Open | High | Low | Value | Volume |
| $4.19 | $4.28 | $4.17 | $1.344M | 317.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9701 | $4.22 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.24 | 578 | 1 |
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