ADO
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0.00% 2.1¢ anteotech ltd

Last quarter net operating cash flow was ~1.2M and cash on hand...

  1. ilyas
    566 Posts.
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    23/07/15
    14:08
    Post #: 15682112
    Last quarter net operating cash flow was ~1.2M and cash on hand was 5.6M. ADO raised 1M @8C for battery market research. Lets see what they come up with this quarter. Sales revenue and Govt grant from last quarter was only $227,000. If they keep on spending at same level without any material increase in revenue then ADO cannot last with this cash for 2 years. maximum they can survive for another 3 quarters. How you calculated 2 more years?
    ADO Price at posting: 9.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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