Post by
arh0070 on Mar 19, 2021 3:15pm
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 .
Comment by
Urbani on Mar 19, 2021 3:29pm
arh... better learn how to read better... Last six Months .... how much listing costs ? BNXA making cash now ... Burn rate ... you must be kidding... go back to your other plays... but thanks for the laugh
Comment by
Vancity1 on Mar 19, 2021 8:51pm
Arh0070 lmao your trying to talk smart but your ignorant and shouldn't ignore the expenses of a growing company and how much is spent on what. A company that's growing 10X in its infancy can easily have expenses grow 5x what's your point ? Say something intelligent instead of just trying to talk smrt...