Stage is set for growth imo.
1. Production capacity increase at Nanjing plant
2. Production to commence at Malaysia plant
3. Expanding global sales team
All leading indicators of growth.
Cash position was $2.6m at 30/9, with burn rate of $1m per qtr excluding capital purchases, which may be sufficient to not raise capital in the immediate future, imo.
Best case scenario would be funding growth and expansion going forward with some sort of loan facility, however, sales need to be ramped up first and profitability need to be shown by the company.
Stage is set for growth imo.1. Production capacity increase at...
Add to My Watchlist
What is My Watchlist?