@CP18, it'll be interesting to see how long it takes (i.e. months or years) before the market is pricing VR1 on the basis of forward looking metrics. It seems unlikely to happen before VR1 get their exponential debt growth / financial facility drawdown under control.
The Mar'25 quarter wasn't great : $12.5M in sales but only $4.7M cash at the end of the quarter & the accumulated debts (cash drawn) grew by more than $9M during the same period.
If VR1 don't manage to secure a few bigger sized contracts (i.e. $3M - $5M+) it looks like they're heading for a 'credit crunch' (probably a contributing reason for the recent cap raise @ 1.5 cents). Just my opinion.
VR1 Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)