Cash burn rate The critical metric for these small tech companies is the Cash burn rate .If one reviews the unaudited financial reports on the banxa website one discovers that the Cash burn rate for the 6 months ended December 2020 was about 5 million AU $ compared to about 1 million the year before .Hence the need for the share placement recently announced at a 50% discount to what it is trading for ,which as previously noted is very high .One also discovers that all pretty much all of its business is in Australia and Europe with none in North America as far as I can tell.
Potential investors are well advised to NOT listen to the cheerleaders but to go to the Banxa website and review the UNAUDITED Financial information that can be found there .It is quite complicated but quite informative compared to the rubbish transmitted by the booster club .