I agree Silver, nothing wrong with a cap raise to continue growth. This is the reason why companies are listed- to access capital. As long as eventually earnings turn positive ay...
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Maybe raise $5m at 60 cents a share? 8.33m new shares issued
Someone gobbed up 100,000 shares at 69 cents, someone sure likes the stock. Too bad theres still a constant wall at 70 cents, whoever keeps popping 100,000 share wall at 70 cents everytime its cleared is pretty annoying, they've been doing it for months now.
Just having a quick read of their annual report.
$7.4m revenue run rate, cash out (incl software development and reseller exp) at about $10m. So burning $200k per month sort of thing with $1.8m in the bank.
Rough guess there is $1.2m remaining.
Would expect a cap raise in the next 2-3 months... Hopefully the last one if they can make it $5m as per RAWZ above....
Growth is outstanding, worth investing IMHO
Depending how well they've been growing their ARR in the last few months, but if they have been growing they likely have recently then they have enough till breakeven. They may raise to prop up the balance sheet, though they have express in the past that they felt the share price was a bit low to be raising too much capital.
Yeah pretty dilutive. I think they will have to do it. CFO hating having less than a mill in the bank.... Just more than a month spend....