Looking at the investor presentation from this week. Last year mach 7 made a loss of 1.4 million, coming down from 2.8million two years previous. 3DM on their own were looking at a 2.5 million loss for the year, so that comes to 3.9 million assuming operating cost of the companies can be combined.
Assuming there is going to be one off costs such as the cost of merger, and an increase in waged, but that post merger they can streamline the two entitles to reduce the overall operating cost.
How close do you think they will be to breaking even or making a profit? I assume we aren't going to hear about the actual situation until the quarterly, but several new customers have come on board this year. The latest being the 650 thousand a year, and prospects of up to 8million on the cards.
If they can convert some of this 8 million, I would assume we could see break even point hit by the end of the year? Thoughts?
M7T Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)