Just a couple of thoughts: One thing that I like is the fact that cash outflows for operations is not rising disproportionately - By my calcs, outflow was around 21% of cash receipts for Q1 and then around 20.7% for Q2. (Incidentally, it is also nice to see that inflows were not bolstered by grants. i.e. cash inflows driven by genuine expansion of product sales). Another thing I like is that revenue is not 'lumpy'. Of course this is due in large part to the nature of the business (i.e. not big one off contracts but consistent product sales growth) but it is really nice to see the relatively stable correlation between cash inflows: outflows. On that note, if you look at the chart on page (17 I think ?) of the recent preso, revenue is showing signs of nascent exponential growth. Given the co. was constrained by manufacturing capacity which is now being alleviated, I anticipate strong revenue growth going forward. Would not surprise to see forecast revisions/upgrades along the way. Couple that with potential European expansion and this has the potential for that parabolic tendency (yes, it is early) to continue.
BXN Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)