For those of you that require some reassurance. This company...

For those of you that require some reassurance. This company currently has a MC of ~17m. The FY20 revenue came in at $4.1m and they have cash sitting at about $5.1m. Their typical cashburn is quite low (excluding costs of IPO), typically under < 0.2m. They've recently formed partnerships with both Baby Bunting and Pharmacy Alliance. They have another agreement with Foodworks, and I'm sure they're looking to have their products stocked at Coles and Woolworths over the next 12 months. This short term drop is likely due to investors locking in profit after a successful IPO, in a broader volatile market. This type of investment is speculative in nature, and typically requires a few years to see tangible returns. I would recommend allocating no more than 10% of your portfolio and avoiding refreshing daily like a degenerative robinhood investor.