Asset to liability ratio of over 10 to 1 (in favour of assets)
$6.8 million assets including $2.1 million cash
only $650k total debt/liabilities
$3.7 million cap
$2.84 million cash
$8.7 million revenue
Cashflow positive this year
$580k net profit from continuing operations
pretty rare in mobile/tech space... 3/4 cash backed with low PE positive cashflow and trending upwards
Retained earnings increasing, good sign - piggybank filling up
EBITDA $1.6 million from their 1800 Reverse service
Recent acquisition on 65% of OzContacts, an online contact lense store, generated $1.2 million in revenue
Australian monopoly on reverse charge call credit for anyone that runs out of prepaid credit on their mobile phones
deals signed this year with Telstra and now Vodafone, cash coming in from these already
Even their payphone business is generating healthy revenue
And look at the exercise prices for directors' options:
broekn out, page-3
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