2023 is a vital period for growth. Given the half year result to Dec '22, Z2U will have enough liquidity (on current cash burn rate) to roughly September. After then it will be debt and/or another raising. Both scenarios will need to be supported by a stronger revenue outlook than they have at present. Another warning sign is receivables. % of GMV has doubled in the last half. This might be due to the Talcasoft debtors book holding some doubtful debt. But the P&L only has 12k in doubtful debt which looks too light. Liquidity ratio further stressed. My 2c
Z2U Price at posting:
7.6¢ Sentiment: None Disclosure: Not Held
