''I know a few of similar tech companies on ASX that earn a small fraction of revenue that MBE earns, yet have a much higher MC. As we all know, this company has over $50 million annual revenue and expects its cash position to increase from current $8 million to $13 million by June. ''
Based on the current quarter-- revenue projections are well under $50m p.a.
Remember the past results are not indicative of the future for any company
They expect cash position to be $12m or thereabouts by June - due to severe cut backs in DCB spending etc
IMO,
The revenues have been in freefall in the past 6 months and this is the form the market uses going forward - hence drop nearly 90% of highs
This is meant to be a growth company which at present has encountered major hurdles as per last two trading updates
