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100% agree - this is a disaster - this is supposed to be their...

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AJTRADER

681 Posts.

17

31/01/24

20:31

Post #: 72171177
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Originally posted by Carso78: ↑

Where is the promising growth? If they had a dollar for every time they used the words "record", "increase" and "progress" they'd be a billion dollar company. Where is the growth when or return to cashflow neutral/positive when:

December 2023 quarter, cash receipts from customers were 9% lower on the previous quarter’s receipts of $3.82M and 15% or $0.63M lower than the December 2022. Going backwards.
Net cash outflows from operating activities for the quarter were $1.0M, an increase of 353% or $0.78M on the previous quarter.
Outgoing cash payments during the quarter at $5.62M is $0.68M or 14% higher than the previous quarter.
Cash at the end of the December 2023 quarter was $3.11M. Has it ever been lower than this?

This is nothing but the same old same old to me. Let me know if I'm missing something.

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100% agree - this is a disaster - this is supposed to be their biggest qtr for revenue, and their revenue went down!

This is fast moving to a strong sell for me, these guy will need more money by middle of this year, I honestly think it's time for a change at the top TBH, these guys just aren't getting it done.
Last edited by AJTRADER: 31/01/24

ADS Price at posting: 0.2¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

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Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $4.702M

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Price($)	Vol.	No.
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