@ madamswer - agree with this 100%.
The business is investing in staff / R & D etc for growth & for the future - but the market cap is probably pretty fair for the current level of growth / cash flow position / profitability.
It was a good result to get to cash flow positive this quarter, but total outgoings have increased from $5,558k in the same quarter last year - to $7,381k in this quarter.
Same quarter last year generated a $566k CFP number (versus $252k this year).
And April to June appears to be a pretty strong historical quarter for cash receipts.
Therefore the business needs to significantly grow it's cash receipts / revenues going forward - to maintain a cash flow positive position, and to then (hopefully) get to profitability.
I also agree with one of the other comments - the reporting structure could do with some work IMO.
Understand that all companies want to highlight what they perceive as positives, but % comparisons versus the PCP & versus the previous quarter would assist all investors to understand the result better IMO.
Will continue to hold, and see how the next 6 to 12 months play out - and hopefully they can crank up further sales & gain even more traction in their target markets (whilst maintaining strong control over their margins / expenses / total outgoings).
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@ madamswer - agree with this 100%. The business is investing in...
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Last
6.0¢ |
Change
-0.002(3.23%) |
Mkt cap ! $80.57M |
Open | High | Low | Value | Volume |
6.2¢ | 6.2¢ | 5.7¢ | $106.8K | 1.801M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 387415 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 387415 | 0.056 |
3 | 941209 | 0.055 |
6 | 259426 | 0.054 |
5 | 268532 | 0.053 |
1 | 200000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 99999 | 1 |
0.062 | 195947 | 2 |
0.063 | 165254 | 3 |
0.064 | 43238 | 1 |
0.065 | 56156 | 2 |
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