IME had $2.4 million cash at Dec. 31 and key metrics suggest it is about to finally consolidate profitability, at least on an EBITDA level, in FY24.
generally speaking, the company appears to be gaining momentum. Morgans rated IME a speculative buy with a 12-month target SP of $1.50.
taking all this into account, i'm not as pessimistic about the CR as some on here, and doubt the dilution will be great as some fear.
we are of course nowhere near PME level but if funds raised can be used to push us even some small way towards that company's net profit margin on sales of 50%, it will be money well spent.
IME Price at posting:
65.0¢ Sentiment: Hold 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)