It makes me doubt some people's credibility when they do not...

It makes me doubt some people's credibility when they do not understand basics. MBE is clearly a developing business and worrying about NPAT for a listed company under $100 to $300m is laughable.

Thats is why they list on the stock market to grow not achieve short term NPAT. NPAT would be nice though. Break even NPAT with positive or even cash flow while growing is what we all expect from Small caps. It's when they cash burn at all costs or have leaky contracts like the DCB is when they run into trouble.

Just my opinion, how many listed names $10m to $100m have a large NPAT % on the ASX? maybe less than 1%.