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OK, I hope you are right. I know December quarter last year was...

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zxcv1234

1,260 Posts.

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06/12/17

15:27

Post #: 29423282
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Originally posted by Waldo777 ↑

That's 100% false and I suggest you have another look at the last quarterly.

Last quarter the cash burn was $1.166m but that was only because of investment in inventory.

For the current quarter the forecast total cash outflows are $1.136m so with previously announced purchase orders likely to be more than this it's very likely that there will be negligible cash burn for this quarter and a fair chance of being cash flow positive.

They also have significant cash reserves after the last CR that are likely to last at least a year even if cash receipts don't increase like they have announced they will!

CIO is oversold on every measure and will re-rate, it's just a matter of when!

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OK, I hope you are right. I know December quarter last year was very quite on the news front. So far, purchase order is like 300k or less and Growth has gone backward. If they do announce SEA deals, then it’s another story.

CIO Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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0 Great analysis

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