$20m burn and adding more and more staff. CR is coming very soon imo. Their servers will ALL need replacing as they will be generations too old. I see an increase in leased costs regarding storage and compute. VMware just also increase licencing costs by 10% for all VMware Cloud Verified Providers.
These guys would need to land massive sales to cover costs and I can firmly say VMware solutions are not cheap, the running costs when you add compute, space, licencing, and expensive certified staff will mean for every $1 they bring in there is an easy $1 of running costs to match.
Break-even is years away. Dilution is a question of when not if.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $40.89M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.0¢ | $8.513K | 33.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 74786 | 1 |
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| Last trade - 13.07pm 26/09/2024 (20 minute delay) ? |
| SOV (ASX) Chart |