In the last quarterly,
"Year to date net cash outflows have averaged circa $75,000 per month.
Quarterly cashflow can vary substantially with major customer payments and tax
rebates typically in Q1 and Q4 of the financial year. At quarter end the
Company’s cash stood at $1,973,000, representing 9 quarters of expenditure at
the above average monthly outflow."
The company has been very responsible on the expenditures in the past 12 months. Plus they have converted to a SaaS model so going off past quarterly reports wouldn't truly reflect sales.
Customer retention is very important when trying to evaluate how Icetana's buisness model is performing (currently at around 95%)
Icetana's performance has also been severely hampered by COVID so I personally see it as a COVID recovery play.
Like Ichthsys78 said "please do your own analysis"
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