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Ann: The Annual General Meeting, page-4

  1. Sceptical Prophet
    318 Posts.
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    21/11/16
    17:17
    Post #: 20771141
    Sorry i got the definition of cash burn wrong.

    Annual cash burn of $5.4M, I think AUD though it wasn't specified. Revenue as at June 16 was USD$2M or AUD$2.7M, which means when they hit USD$5.8M revenue they'll be cash flow neutral. Per above they're already beyond USD$12M so we're looking at over USD$6M annual profit now? Unless the cash burn rate was given for a different date.

    Also noting that they've reiterated USD$18M projection and have shown previous year projections. The June 16 project is spot on with actual revenue so seems they're suggesting they will hit the USD$18M target.
    AJX Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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