Currently trading at $4/share and a market cap ~$80m. Just pulled up their financials and costs are significant.
Revenue's are down to EUR 2.3m in 2015 compared to EUR 2.9m in 2014. A huge loss before tax in 2015 of EUR 9.9m increasing from a loss before tax of EUR3.9m in 2014.
And it isn't some funky accounting loss, it is real sales and marketing and product development and delivery expenses. The losses are huge. Yes they may be expanding and winning some significant contracts before they achieve some scale but they are hemorrhaging cash. Fortunately they have EUR$12m in the bank so funding isn't an issue.
Maybe they can buy out xtv for 2 cents per share.
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2.0¢ |
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Mkt cap ! $333.4K | |||
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