That cash burn is unsustainable. Having seen the magnitude of it I'm not sure X2m is going to make it. the $2.3 million in 'other expenses' is especially notable. It's one thing to increase the top line at a healthy clip but you've got to be able to do it within your 'means'. They have to lot at the cost of and the way of doing business. Easy to say from behind my screen but the numbers are stark. Change or die.
That cash burn is unsustainable. Having seen the magnitude of it...
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.60M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2653 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 80000 | 1 |
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| Last trade - 16.12pm 25/07/2024 (20 minute delay) ? |
| X2M (ASX) Chart |
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