They really need to get some money flowing in from the sale of...

  1. 196 Posts.
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    They really need to get some money flowing in from the sale of products, not from the sale of shares of contracting work, but from products. Rover clearly hasn't been achieving this - apparently, the mobile x-ray market is a 500 million per annum market!?! Yet they're struggling to sell a few hundred thousand worth, with last quarter being the exception with over a million sold. Even with the improvement seen in the last quarter, they're only managing to capture ~0.2% of the market and it's been in production for years... that is a dismal figure for shareholders and needs to be addressed ASAP by management. Hopefully, they can get some traction because we need $$$ coming in. If Rover stays dead in the water, maybe Argus can help the situation and keep things afloat till the other big projects are complete and capable of generating revenue. The ROIC at the moment is pretty bad, management needs to make damn sure the future cash runway is solid by capturing market share.
    Last edited by whirlswirl: 28/02/23
 
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