Re the cash flow that is a good point. However don't confuse quarterly sales with cash flow - it's all about the timing and there's a number of factors involved when revenue is recognised and when the cash comes it. It's all explained in their presentations so worth reading up. In respect of M7T arriving at the best fit cost base for the business Mike has said in previous webinars he expects after FY23 the rate of cost increases will abate to mid digit ..7.5%. So if revenue continues to grow at 20% at a cash flow positive situation we have our "jaws" starting to open.
M7T Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
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