I must say, the quarterly was disappointing. We have heard in...

I must say, the quarterly was disappointing. We have heard in the past that 11/11 is "the day" for online shopping in China, which really should mean that Q2 is seasonally the highest revenue quarter of the year, but alas, we had a reduction in revenue compared to both Q1 '22 and Q4 '21. At least we have heard that Q3 '22 is set to be an increase on this - let's hope they can (for the first time) lock in a 2nd positive operating cashflow in a row, and get closer to a break-even EBIT.

A few positives:

1) With 3.889M cash and a decent amount of working capital (Net Current Assets at 5.8M), I think a placement in this quarter is highly unlikely. Hopefully this means management can focus on getting new contracts!
2) Revenue from the trailing year is now 15.4M, which is higher than the current Market Cap of the company. Hopefully that's a sign that the SP needs to float upwards this quarter, or at least puts a higher floor
3) Q2 did deliver positive operating cashflow. Unfortunately that's about all it delivered.

GLTAH - if we continue to get radio silence this could be a long quarter unfortunately...