STTCOMP DDT FA LONGDDT
Mkt Cap - $5.736M
Share Issue - 819.44 million
Main Business - DataDot Technology Limited (DDT) is a provider of asset-based identification and authentication solutions. DDT's asset identification technologies are used in the automotive, marine, clothing and industrial materials sectors.
David Lloyd is head of strategy at Qantas and a director of DDT.
Lloyd has recently Bought $100k of shares on market at 0.007. He should know something.
Newly appointed board .
DDT has made it a priority to improve the company’s financial position by conducting a line by line examination of costs across all aspects, which have led to future savings in excess of $1,000,000.
Directors and executive have been exploring avenues for new sales channels ,licensees in order to restore and grow revenue in international markets.
The current FY projections for net royalties to be achieved from our new partnership and contract arrangements with South Africa (“DDSA”) is estimated to be almost $1 million due to new OEM customers in Europe and Russia.
DDT are also currently in negotiation of terms for the appointment of manufacturers / distributors in two countries where governments are proposing to introduce Whole of Vehicle Marking standards based on Microdot systems.
At 30 June 2019, the cash balance was $194,551. The directors expect operating cash flow and profitability in FY20 to besignificantly improved on the prior year. However, to provide a cushion against unexpected events, a Convertible Note was executed in July 2019 raising $1.15m. The directors do not foresee the need to raise additional capital in the year ahead to fund operations of the business.
