Daytraders Weekend Aftermarket Lounge 4th -7th March, page-40

Interesting stock...

They increased revenues and decreased loss but the ratio is worrying.

Revenue increased 13.4million half/on/half reporting rise (2015 dec vs 2014 dec HY) but loss only decreased $500k. Meaning they need to get revenues of roughly $55million revenue per half to break even at this rate. I don't think this ratio is set in stone though, they probably increased employees more than they had to as they try to penetrate the market and will have some spare capacity this half (not as much increase in cost/revenue).

While they state they have 4million cash, their actual cash position is only 1.5million as 2.6million is held as a guarantee to merchant facilities so is not immediately accessible if they have need for working capital (only can be used for trade recievables I would assume) so that's something to consider also. However they did just issue 1.6million shares at 45c to employees after the half, so they have an extra 750k now so easily enough for a year of operations at the current ratios.

Nice stock to keep an eye on, low low MC and plenty of potential.