GREY:LFDEF - Post by User
Comment by
goldspeculator1on Feb 24, 2020 10:01am
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Post# 30725478
RE:RE:RE:RE:another offering on the insurance side news
RE:RE:RE:RE:another offering on the insurance side newsThey haven't provided interim revenue numbers prior to reporting in the past so I am not sure why the expectation would have been there.
Pretty simple points to wait for
1. Urthedaily financing update
2. Deimos sale
I would assume that any financing of Urthedaily would be contingent on the sale of Deimos to get that off of the books and eliminate the financial drag.
Personally my recommendation would be to watch the performance and trend of Geosys on the year end numbers come April. That is currently the driver of the business and the tangible element to monitor.
We don't have numbers for Geosys Q4 2018 so a little tough to track but Q3 was $4.4M and if it is in line with that number or greater in Q4 2019 then everyone should be pleased.
Q1 2019 revenue was $4.4M and the expectation should be to beat that number in Q1 2020.
Sale of Deimos will put the company on the right fiancial footing and Financing of Urthedaily will be the catalyst for the Company returning to a growth oriented business. Geosys just needs to keep delivering growth and ulitimately positive cashflow to keep the lights on for the next stage.