Good result. It is least dilution arrangements and much better than what I expected.
Most impressed part in my opinion is on page 8 of the presentation: Multiple newly committed tier1 customers going into FY20. Though the company is now conservative about Sep quarter’s cashflow, which is signified by the page 5 provide Sensera with forward funding as more customers transition from pilot programs to commercial production to reach operational breakeven. This wording looks like receding from previous stronger cashflow prejection.
Now let’s see how cornerstone the cornerstone investment is.I wish that would go to sticky hands. But hey that’s how they make quick money. No complaint at all.
SE1 Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held