They have 6 hubs implemented and 5 further hubs undergoing implementation....surely they need to move much faster because that is only 20 hubs added each year which only gets them to ~66 in yr 3 (not the 126 POTENTIAL hubs they are talking about)
Perhaps someone better understands the potential economics here, but a lot of enterprise agreements across many countries and many hubs, but very few revenue generating hubs and revenues are anaemic (1Q21 218k, 2Q21 204k, 3Q21 278k).
Cash outflows (operating activities and investing activities which must be capitalised expenses) is ~1.5m per quarter so they really need to ramp up their revenue generation else that 19m in cash is not going to last very long!
YOJ Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
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