DDT
Market Cap : $$5 Mil
Cash : $1 Mil Cash
Debt : Zero : Cleared via the recent capital raising.
Revenue : $3.7 Mil + 15 percent on last year
Top 20 : 60+ percent
Company is finally profitable after many years of poor management.
Bradley Kellas has been buying on market since 0.008 and still continues to load up, a transformational year for this company looks fairly clear.
The Prelim report came in relatively late yesterday, and i think its a worthy read based.
Been watching this one for a number of weeks and there is a constant reload buyer.
The principal activities of DataDot during the year were:
1. To manufacture and distribute asset identification and digital protection solutions thatinclude
DataDot DNA polymer and metallic microdots containing data that is unique to the assets to which the microdots are attached.
Asset Registers -databases that record asset identification data and are accessible by law enforcement agencies and insurance investigators
Vault asset protection devices
2. To manufacture and distribute high security DataTraceID authentication solutions
3. To develop and distribute customised solutions combining DataDotDNA DataTraceID, asset registration and/or other technologies.
In FY 2020 the Group delivered an EBITDA of $309,385 (2019: ($1,757,295) and a profit after tax of $29,203.
This is a significant turnaround to the losses of $2,301,317 in FY 2019 and $3,119,910 in FY 2018.
It is particularly pleasing considering the one-off costs associated with restructuring of the company during the year and the high level of business uncertainty caused by the Covid 19 pandemic across the globe.
The company’s much improved profit result for FY 2020 and prospects for FY 2021 has been derived from a clear focus on three main areas:
1. Developing customer relationships, new products and service offerings,
2. Costs reduction programmes
3. Restructuring the capital base
The Board’s plan to grow revenues from new Vault products and services was also interrupted by the impacts of Covid-19
But Despite this initial delay, this revenue stream is set to make a far greater contribution in FY 2021.
DDT Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
