DDT 0.00% 0.4¢ datadot technology limited

Absolutely Productive, but this is a company who has spent...

  1. 41 Posts.
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    Absolutely Productive, but this is a company who has spent (conservatively) a combined total of $50M of revenue and shareholders funds over the past 6 years, has never turned a profit under its current Board and management team, has suffered declining annual revenues in recent times, has seen a share price slump from an initial high of 52c after listing, to its current lowly 2.1c (up from 1.2c today) and its once leading technology is now seen to be trailing far behind a number of global competitors.
    $7M revenue isn't worth much when costs are in excess of that. $4M in the bank is largely from the most recent capital raising and history tells me that their cash burn rate will take care of that quickly without profits to top up cashflow requirements.
    I respect your prerogative to top-up at current prices and your encouragement to others to do the same. However, many years of personal share history with this group (from listing date) sees my sentiment leaning in the opposite direction.
    I sincerely wish you the very best with your investment and perhaps you will be able to gain what many others have lost from this stock. Good luck; I think you'll need every bit of it!
 
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Mkt cap ! $3.632M
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Last trade - 16.12pm 22/11/2024 (20 minute delay) ?
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