Quarterly reporting is something I have been wanting for some time, but unsure who makes this call. After 2 consecutive financial years of cash outflows of $15m (excluding raisings) and seemingly placed for something well in excess of that in FY23, surely it is justified. If they double there first half outlays they will have near enough burnt through the 2022 capital raise money within a year!!
It would at least make them provide a more regular market update rather than the generic bi annual 'strong sales growth' rhetoric whilst at the same time not generating any bottom line improvement. I construe silence as 'nothing good to report' and the share price decline ultimately validates that.
Quarterly reporting is something I have been wanting for some...
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