TNT 2.17% 22.5¢ tesserent limited

I was personally hoping for less cash burn.. but being...

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  1. 5,909 Posts.
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    I was personally hoping for less cash burn.. but being realistic, they have gone from 1.2mil negative ops cash flow to 800k in the least busiest time of the year. 24% quarter on quarter is very good. Also good to read:
    "The company also signed a new contract with a global professional services firm
    to supply managed connectivity and security services. This multi-year contract represents a strong
    opportunity for Tesserent and is in-line with our strategy to grow combined connectivity and security​
    solution business."


    My sentiment at this stage is still hold. Hoping they can grow receipts by ~30% for next quarter and bring down cash burn to say 200k.
 
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