@ 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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Mkt cap ! $65.78M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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5.2¢ | 173487 | 5 |
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1 | 21297 | 0.047 |
2 | 600000 | 0.046 |
13 | 908058 | 0.045 |
4 | 47726 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 173487 | 5 |
0.054 | 95968 | 1 |
0.055 | 130429 | 3 |
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