TSXV:POI.H - Post by User
Post by
Ranger56on Sep 29, 2015 6:38pm
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Post# 24147127
Don't get this one?
Don't get this one?Interesting technology and concept but the financials suggest in order to survive it will need money continuously until breakeven which looks to be a long way off.
Not sure why Bruce Campbell likes this given the financials.
Next time on BNN, need to ask him about the financials only, and not the story.
Here are the numbers from Sedar:
Revenues: 0.518M
Cash Burn: 2.9M
Cash on hand: 6.1M
The only reason they have 6.1M in cash is they received proceeds of 8.4M due to equity raise closed on May/14 at 0.46 per share.
Their % growth rate looks good only because of the very small revenue base.
At the current cash burn rate they will run out of cash again in 2 to 3 quarters.
How they can they possibly grow exponentially (order of magnitude acceleration required) to narrow this huge quarterly cash burn rate.
The revenue vs cash burn is far too wide to be viable at the moment.