Just looked at this company for the first time today.
It looked interesting when I saw the revenue trajectory, then I realised that it's got a lot of overhead cost compared to revenue.
It looks like W2V needs about $9 M in revenue to reach break even. It's currently about $3 M so still a long way to go and that the most optimistic view is at least one more CR to come before then.
Looks like a sit my hands and wait on this one, and to see how the revenue plays out. If they doubled it his year, they might be getting close enough to break even to consider.
Just looked at this company for the first time today.It looked...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.122M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $21.15K | 2.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7241074 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6358291 | 10 |
View Market Depth
| Last trade - 15.55pm 01/10/2024 (20 minute delay) ? |
| W2V (ASX) Chart |