2 Highlights from my view:
1. Sales are up and growing strongly. (This reminds me off A2M in early stage)
2. Cash burn rate is under 10% of IPO cash raise give us another 9 qters ~ 2 years to go.
With this rate, KTD will be profitable way before running out of cash. Remember, the real growth has not kick in yet. I expect it to be H2 2019 when the 2nd plant is up and running.
Ann: Quarterly Report and Appendix 4C, page-9
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