100% agree.
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This is far better than the previous announcement, and with IKE's knack of extending contracts, could be the start of some real revenue momentum.
Total cash and receivables 31 December 2021 of approximately $29m, with no debt
Total cash and receivables 30 September 2021 of approximately $32m, with no debt
So still burning cash $1mil a month..
However extremely positive revenue and new contracts growth.
Will continue to hold,as I think they are in the right sector at the right time.
With the increasing revenue at a margin of over 60% the bottom line profit should come.
Just taking longer than I thought.
A very very good result and the the share closes up only 1 cent. Which is In my opinion crazy. Unfortunately I have reached my investment limit with this stock so I can not buy any more.
Burning cash until 2025?
https://www.marketscreener.com/quote...97/financials/
“Our balance sheet remains very strong with cash and receivables of ~$30m at the end of January, up from ~$29m the month prior. This balance consists of ~$26m cash and ~$4m receivables. Market tailwinds provide us with confidence around the potential for continued strong growth.”
Pleasing to see the $1 mil improvement in cash and receivables.And in just one month.
Lets hope it is a start of a new trend.
Excellent small cap. Tempting to add but I will watch and wait given market volatility right now.
Very positive their clients are "sticky",extending, and adding further services from IKE .
We have gone from a $1mil cash burn a month to a $1 mil increase in cash and receivables.
This is actually a $2mil turn around.
If IKE can continue the trend, we will be in the land of milk and honey.
Hang on we already live in the land of milk and honey...lol