Australia's largest stock trading and investment forum Australia's #1 stock forum

FLX

Click for more information

0.00%

17.5¢ felix group holdings ltd

I've F-d this math up too. They grew $39,800/m for the quarter...

First 7 Last

Share
Profile

Follow
MauiJim

152 Posts.

76

03/08/23

17:10

Post #: 69142776
Share

Originally posted by MauiJim: ↑

Let's do some quick and rough math.

$1.553M burn for the quarter. Thats about $518k burn per month.

With record number of sales (3 contractors contributing about $9k/m each = $27800/m) and 8 upsells (contributing about $1500/m each = $12,000/m).

So the total revenue growth in a record month is $27,800 + $12,000 = $39,800 /m growth divided by $518k/m burn = 13 months to close the burn gap.

There is no chance they can survive unless they cut costs dramatically or try to raise cash under duress around (or well before) christmas. Yeah they might get a big R&D cheque - but thats just 4 more weeks burn. If they cut costs, they will struggle to onboard and service their new customers with reduced headcount.

Shareholders should prepare for some serious dilution, or worst case - customer churn and even potentially insolvency if things don't go to plan in the next few months.

Expand

I've F-d this math up too. They grew $39,800/m for the quarter not the month. So it's more like 39 months to close the burn gap.

FLX Price at posting: 9.8¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

The Rising Tide: How institutional adoption is shaping the future of crypto

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

First 7 Last

Add FLX (ASX) to my watchlist

(20min delay)
Last 17.5¢		Change 0.000(0.00%)		Mkt cap ! $35.78M

Open	High	Low	Value	Volume
17.0¢	17.5¢	17.0¢	$2.577K	14.79K

Buyers (Bids)

No.	Vol.	Price($)
2	21344	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	2914	1

View Market Depth

No.	Vol.	Price($)
2	21344	0.170
1	11262	0.165
1	55000	0.155
1	5000	0.100
1	1000	0.040

Price($)	Vol.	No.
0.195	2914	1
0.200	10000	1
0.230	15000	1
0.250	12000	1
0.000	0	0

Last trade - 15.43pm 26/08/2024 (20 minute delay)

FLX (ASX) Chart