RE:RE:Q2 Resultskidl2 wrote: PS: Yes, Q2 provided a little more light at the end of the tunnel but the major issue remains cash. They simply don’t enough for any significant ramp-up and even if they somehow manage to get it, it will be very expensive in terms of dilution.
I agree with Kidl2. Cash on the B/S is a concern despite mangement claiming they now have enough cash flow from operations to keep going forward. I'd rather sit on the sidelines for the next few months and see if that's true. There's a good chance they might need to do raise or take on debt.
Either way, a backlog of $5M isn't significant yet. It's pretty much what they've done in the last 2 quarters (6 months period of FY2018). Therefore, it's likely revenue growth in the next 2 Qs will be low IMO.
Matthew