RE:RE:RE:RE:RE:RE:Comparison Credit to Doug that he brought GSI from 8 million cad revenue and no profit in 2018 to 37 milion cad revenue and 5 million cad profit (my expectations) in 2024 without any financing.
SO I think the current balance sheet and the underlying profitability is strong enough to fund further revenue growth to 50 million cad. Growth from 2018 to 2024 was harder to achieve.....
Of course I think Doug is smart enough to do a deal if a financing is beneficial to secure any major contract. But I think it is not necessary...
When you rewatch the recent video with common sense investing (which was mid of first quarter 2025) Doug said they intend to grow the revenue in 2025 "consistently higher than in 2024"....
My understanding of that statemen is that they want to grow every quarter above the same quarter in 2024...
I think that he was at least confident enough about the sales funnel in the first and second quarter (which he should have a good overview of in mid of September) to give such a bold statement.
When they announce q4 numbers (I expect 2 million cad profit in Q4) and give outlook about growth in q1 (with 2 million cad profit again I expect) the shareprice will be above 1 cad within days...
If they do not give outlook (consistent with their history) we have to await for Q1 numbers to further judge....