There are plenty of micros on the ASX that are not making a profit and have a MC of much more than $6m. Maybe 12 months to turn a profit based on current growth, with revenue projected at $8m a year (say double the current annualised growth rate). But rest assured you wont be paying 0.007 for heads and 0.003 for options when their making money. You will be paying at least x5 the price now.
Agreed the Company needs money for inventory but I do not see an equity sale type capital raise this quarter.
There are plenty of micros on the ASX that are not making a...
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0.8¢ |
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Mkt cap ! $17.20M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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