Need to read cashflow statements a little better.
The business was cashflow positive by $18m on $395m revene
It fell into cashflow negative after product development at $35m
Working capital at $20m at 2nd half is all thats required for now.
Company needs $440-445m revenue per annum to break even on product development costs
If there is no product development costs the company is cashflow positive.
Revenue - cost to suppliers and employees is cashflow positive.
Best looking chart on the ASX, page-64
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$1.06 |
Change
-0.035(3.20%) |
Mkt cap ! $236.3M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.12 | $1.03 | $17.14M | 15.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 58485 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 13700 | 2 |
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