RE:RE:GRA.T @ $2.07; Tomorrow At Much Lower Perhaps?lire1
A net negative adjusted EBITDA of -92,806 for Q2/2024 tells us that no matter what percentage increases in revenues or anything else seemingly positive, NanoXplore is not overall profitable.
The near $30 Million in new program wins and expansion of existing programs contributes little for NanoXplore's bottom line profitability during 2024.
You can forget about the coming Q3/2024 being any better than the only yesterday released Q2/2024 financial results and Q4 2024 fiscal year end is likely to be net negative adjusted EBITDA as well.
It doesn't matter that the company expects to meet it's projected revenue guidance of $130 Million for the year ending June 30, 2024. Even if the company meets that revenues target, the requisite net adjusted EBITDA profitability is simply not going to be attained or sutained.
This year is the year of expenditures for NanoXplore, epecially expenditures owing to increased administrative costs also relating to equities based employment compensation relating expenditures.
The institutional investments market professionals and their respective equities investors clients are unlikely to be attracted to NanoXplore during 2024; and retail NanoXplore shareholders will just keep dumping their respective GRA.T equities investment positions and keep seeking other more profitable equities investments elsewhere instead.
If I have to put another 25% of my net worth into purchasing more NanoXplore shares, I'll likely only begrudgingly be doing so in order to reduce my DCA low enough so that I can dump anywhere up to 95% of my NanoXplore equity investment position immediately afterward.