While revenue growth is great to see, and it is critically important to the business, I am a little concerned that they are still burning through cash qtr by qtr, not much, but is 6 months, it has been $1.4m. This will be offset by Govt R & D grants, but relying on them to keep the bank balance healthy is not a good strategy.
I am aware that they are still a young company, and growing always has cash flow issues. I am happy to hold for the time being.
HT1
solid 4c, page-2
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