UPD 0.00% 99.5¢ updater inc

This report looks much better than the previous Quarterly...

  1. 403 Posts.
    This report looks much better than the previous Quarterly Activity Report. It notes that the average cash burn per month in 2015 is $350,000. And it also says that the fee based revenue is to be paid with 1 month after the service is delivered. Their account receivable on balance sheet is about $27K, no bad debt so far, which means the revenue in Dec is about $30K. To break even, their market share need to be about 25%. With current grow rate, it may be achieved within 3 years, before their cash burnt out.
 
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Currently unlisted public company.

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