This is an attractive stock.
$4.5M in the bank as at 31 Dec….estimated cash outflows for the Jan - March quarter just gone were only $650k (per Dec 4c) not sure what to expect from inflows but anything will help.
A take or pay commitment of 8,700 units by July 2019 for one distributor alone.
They shipped 30 last year and had revenue of $42k so I assume they are $1,300 a unit…..8,700 x $1,300 = $11.3M. Seems like a good start J
Austrian distribution partner secured.
FDA approval underway.
As has been said on here, a few more key distribution deals and this thing should snowball.
All IMO DYOR
This is an attractive stock. $4.5M in the bank as at 31...
-
- There are more pages in this discussion • 82 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
