10/02/24: Arrived via Simply Wall St. / Financial positionThis is only for sharing giving that I have been in/out of BTT throughout the years and have kept an eye on it...
Simply Wall St.: New major risk - Financial position
The company has less than a year of cash runway based on its current free cash flow trend.
This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk.
Currently, the following risks have been identified for the company:
Major Risks
- Less than 1 year of cash runway based on free cash flow trend (-CA$381k free cash flow).
- Share price has been highly volatile over the past 3 months (26% average weekly change).
- Earnings have declined by 5.5% per year over the past 5 years.
- Revenue is less than US$1m.
- Market cap is less than US$10m (CA$2.61m market cap, or US$1.94m).
Minor Risk
- Shareholders have been diluted in the past year (12% increase in shares outstanding).