9SP 0.00% 2.0¢ 9 spokes international limited

Ann: Appendix 4C and Quarterly Activity Report, page-2

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  1. 1,528 Posts.
    lightbulb Created with Sketch. 89
    Not great numbers

    They are still chasing their tail with required sign ups to meet cost neutral whilst only achieving 5000 per month.

    9SP need about 100,000 clients to meet the $4-5 mil per quarter they currently burn. Next quarter 9SP burn rate jumps back up again too.

    At 5000 new adds per month 9SP will take about 12 more months to break even if costs and adds stay steady.

    That is a good $15mil more of cash burn at least and another CR adding to further dilution. To be honest if nothing changes from current trend I will be looking for a 5c entry in 9 months circa 23mil MC (-30% from current sp)

    As always dyor.
 
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