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....
Most positive outlook I can remember reading.
FUTURE OUTLOOK
The US SME market, already hungry for relief from blind pay-to-play advertising and marketing, is now undergoing unprecedented disruption, increasing demand for our services even further.
Pearl Diver is set for substantial growth and has just started tapping into its higher-tier offerings. Our product development remains our greatest competitive advantage, with the Pearl Engine designed to penetrate new areas more quickly than anyone else.
The US market is vast, and we have already proven our growth capability there. As we continue to push forward, we are confident in our strategy and our ability to capture new market opportunities, driving sustained growth and delivering value to our stakeholders in the evolving business landscape.
Another great update with the last 3 months having averaged $400k gain per month, with an aim to achieve $10m ARR in the next 6 weeks. No word of extra capital needed.
ARR Growth
April 2023 $2.8m May $3.1m June $3.3m July $3.6m August $4.2m September $4.6m October $5m November $5.25 December $5.5m January 2024 $6m February $7m March $7.4m April $7.8m May $8.2m June $8.6m