IMHO when I look at the "EBITDA positive from June 2024". There is not a lot to write off each year.
Take the balance sheet for Change as at 31/12/23, There is sweet FA tangible assets to depreciate, no bank debt and a c/fwd tax loss runway for the next USD $50M taxable profit.
Condensed Consolidated Statement of Financial Position
Balance at Notes 31 Dec 2023
US$
Current assets
Total current assets 5,586,433
Non-current assets
Property, plant & equipment 283,261
Deferred tax asset 107,850
Intangible assets 6,651,539
Other non-current assets 486,898
Total non-current assets 7,529,548
TOTAL ASSETS 13,115,981
Current liabilities
Trade and other payables 902,281
Provisions 1,163,939
Lease liabilities – current 117,631
Contract liabilities 872,433
Income tax liabilities-47,924
Total current liabilities 5,056,284
Non-current liabilities
Provisions 26,537
Lease liabilities – non-current 102,567
Contract liabilities – non-current 1,021,951
Total non-current liabilities 1,151,055
TOTAL LIABILITIES 6,207,339
NET ASSETS 6,908,642
Equity
Contributed equity 50,497,323
Reserves 4,817,751
Accumulated losses (48,406,432)
TOTAL EQUITY 6,908,642
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Change
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Mkt cap ! $53.97M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6018 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 50000 | 0.083 |
1 | 19248 | 0.082 |
1 | 125000 | 0.080 |
1 | 37974 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 85002 | 3 |
0.091 | 100000 | 1 |
0.093 | 100000 | 1 |
0.098 | 37500 | 1 |
0.099 | 202040 | 1 |
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