Hi Plough,
I was referring to the improvement of operating cash flow over consecutive quarters ; Operating Cash flow last quarter was (57000) down from (99 000) in the December Quarter which was an improvement from the September quarter which was ( 133 000).
Their current burn rate is 57 000 and they currently have over $800 000 in the bank.
Also as mentioned in the last annual report, the expense of adding new clients to Expense8 is born upfront,
The profit margins increase in the outer years of the contracts.
They appear to be winning new clients on a regular basis and their client retention is high, so if they carry on down this path Expense8 should become more profitable as the years roll on.
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Last
3.6¢ |
Change
0.003(9.09%) |
Mkt cap ! $8.291M |
Open | High | Low | Value | Volume |
3.3¢ | 3.6¢ | 3.3¢ | $5.321K | 149.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99738 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 86827 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29999 | 0.030 |
1 | 10500 | 0.026 |
1 | 100000 | 0.021 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 11111 | 1 |
0.045 | 76923 | 1 |
0.055 | 144001 | 1 |
0.056 | 50000 | 1 |
0.067 | 65789 | 1 |
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8CO (ASX) Chart |