The negative cashflow for the quarter is roughly $2.9m (incl. lease & finance cost). Now their cost to manufacture product, administration & staff cost is more then what they received from the customer so what is missing?
If they keep increasing revenue but they not making positive operational cashflow then all they going to do is eat out the cash sitting in the bank to pay the staff. The staff cost of 11m is roughly 30% of the revenue which is significantly high in my opinion.
No wonder why company not paying off debt as they need cash on top of debt to keep running the company otherwise they would it by now.
The negative cashflow for the quarter is roughly $2.9m (incl....
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Mkt cap ! $242.1M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 43.0¢ | $3.482M | 7.924M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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| Last updated 15.47pm 31/05/2024 ? | |||||
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