The usual hype. Lost interest as soon as BHP and NASA got mentioned. Never a quote or testimonial from someone high up in BHP or NASA. are they the land and scale customers? Again no significant/tangible examples. Revenue we all know and the US Growth is amazing, I think 6 mil over the period they showed. Hats off to whoever that is. SP is flat and I think instos are waiting for the half yearly, particularly with the debt-that cost will hurt and they will have to disclose that. And the debt is a massive problem for us shareholders as they rank ahead of us. Also with Debt on board, EBITDA or whatever magic show it is with the stumbling and bumbling CFO makes with the glitter from the CEO is irrelevant. You can be EBIT positive, but with a massive interest bill and the ridiculous cost base the cash will run out. The claim on one of the slides is a net saving of $300k, nowhere near enough. Adj. EBITDA doesn't change the cash burn and the CEO did not want to state when they would be EPS positive-so cash will run out.
P.s. who is that other guy next to the CEO? About as detailed as the CFO and about as convincing but points for not bumbling through it a lot slicker. Looked like a real estate/mortgage broker combo from the outer suburbs of Sydney........
EVS Price at posting:
6.0¢ Sentiment: Sell Disclosure: Held
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