Synodon Inc SYXXF

Technology Scientific & Technical Instruments

Synodon Inc. (Synodon) is a Canada-based company focused on providing aerial integrity management solutions for oil and gas pipeline operators. The Company has developed a remote gas sensing instrument called realSens that is capable of detecting ground-level hydrocarbon gas occurrences from an aircraft flying at an altitude of approximately 300 meters (approximately 1,000 feet). The instrument contains a high definition photographic camera, a thermal camera, laser altimeter, global positioning system (GPS)/inertial navigation system (INS) system, on-board computer, control unit, power supply and an in-cockpit display system. It offers airborne pipeline integrity management services to operators of oil and gas pipelines, which include leak detection, pipeline threat assessment, Right-of-Way (R0W) change and slope analysis, tree canopy encroachment, water crossing analysis (including three-dimensional (3-D) water crossings analysis) and pipeline location classification services.

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Synodon Inc > Cash Burn Rate Concerns?

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Comment by techiyon Jul 04, 2014 10:58am

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Post# 22716068

RE:Cash Burn Rate Concerns?

I think you are not folllowing the company's presentations and financial statement properly. Their approximated revenue from the already signed work in this calander year is 3Mn (around 2.5 in this fiscal year). it is few(3/4) times more than last year and they expecting the same growth. If this growth rate really holds they do not need financing in 2015.
This is the transition year of this company. Who understands, understands.

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