Actually I'm just going to correct myself - positive earnings are not going to happen short term. Revenues from the previous quarter were just $20K and that needs to increase by a factor of x25 to cover the quartlery costs of around $500K.
This stock is still just learning to walk, but the aggressive buying suggests that a few people with deep pockets believe that more sales/uptake of the service are happening, and expected to grow quickly.
With approx $2 million cash and the possibility of perhaps another Govt R&D grant ($500K) they probably have one solid year to get those revenues close to $500K per quarter and it will likely take at least that long.
I would think a good 18 months might be required to lift the revenues to that level but it's really a guess on my part.
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Actually I'm just going to correct myself - positive earnings...
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Open | High | Low | Value | Volume |
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