@SteveSage - I get that today's 4C was disappointing both in terms of cash receipts ($1.96m) & nett operating cash outflows ($977k).
I was certainly expecting a higher cash receipts figure - after a really promising Q1 cash receipts figure of $3.41m (& with nett cash inflows of $213K in Q1)
However, I do not think you can question that the 3DP business is growing strongly & consistently.
Some examples of this are:
1. Revenues for the past 3 years have been ramping up quickly:
19/20 $1.23m
20/21 $3.98m
21/22 $9.8m
2. CASH RECEIPTS - I haven't done the updated figures after todays 4c result, but prior to today, the 12 month trailing cash receipt numbers have been:
1 October 2021 to 30 September 2022: $10.28m
versus the previous 12 months
1 October 2020 to 30 September 2021: $4.44m
So clearly cash receipts are also growing strongly.
GROSS PROFIT MARGINS - And I am not sure where you are coming from with your talk about Pointerra "struggling to charge a decent margin"?
When it is also seemingly clear from the previous 3DP full year statutory financials that their overall gross profit margins are incredibly high @ 90% +.
As previously mentioned, I was disappointed in the cash receipts & nett operating cash outflows in todays 4C.
And we are all waiting for that one announcement that will clearly announce the "arrival of this business".
However, management have stated that invoicing and cashflows are expected to rebound in Q3 & Q4 (so it should be a strong finish to this FY), and the new sales announced today were solid.
Obviously it somewhat comes down to how much you trust 3DP management, and I do think they are very trustworthy.
But clearly everyone needs to make their own decisions on this, and good luck to everyone with their own personal decision.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
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