Sales and distribution costs are immense, also R&D spend is high to keep ahead of competitors. However, you are starting to see some operating leverage come through and the company has guided towards FCF breakeven. All will be revealed on 22nd.
Also, remember this is a small cap company. It is illiquid and volatile - A2M, AAPL, MSFT etc etc have all seen their share price experience similar things early on. It is developing technology which is coming out of its infancy - it won't be an overnight thing.
Ann: Major Milestone in Nth America, page-7
Add CAT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.77 |
Change
-0.128(6.73%) |
Mkt cap ! $463.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.89 | $1.75 | $988.2K | 549.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 484 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 1339 | 3 |
View Market Depth
| Last trade - 15.13pm 03/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.76 |
Change
-0.128 ( 7.07 %) |
||||
| Open | High | Low | Volume | ||
| $1.86 | $1.86 | $1.75 | 102815 | ||
| Last updated 15.28pm 03/06/2024 ? | |||||
| CAT (ASX) Chart |