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clock Created with Sketch. 07/06/22
11:15
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Originally posted by Veecat:
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Hmm, not too bad given FY2023 looks set to be strong. We are capped at $17 mill net of cash and profitable which is more than can be said for most tech plays out there! Plus looks like cashflow will pick up in September qtr as well as the R & D Grant which should be pretty solid to come also. If you consider EBITDA to be $2.1 mill plus in 2023 but lets say $2.5 and cash may be closer to $10 million by then forward looking trading at a market cap of $12 million of 5 times EBITDA which is dang cheap for a listed ASX company.
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EBITDA positive isn't cashflow positive.
