The cash burn VS revenue growth is going to be a telling factor near term.
Not sure if share price was influenced by recent reports of larger cash burn of other "peers" ( hard to compare as they are trying to also make 3D printers & metal powders in an opaque growth market ) & that may have less revenue than 3MF at this point.?
3MF has some contracts with Conoco Phillips & Woodside Energy. Both companies have recently reported a massive surge in profits. Ideally, we may assume that more cash could help fund the move to green hydrogen & other renewables that would likely require more 3D printing parts, as prototypes & modifications can be done faster that conventional methods.
A plan B in the works could be a possible merger with another struggling AM company to create some synergies, or strategic investors injecting funds to expand their interests possibly in a specific industry. Just some ideas. Anything is possible, especially if revenue growth continues to float 3MF's boat..
No investment advice intended. Interesting year ahead.
3MF Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
