Weight on shares: Decrease in cash According to SEDAR filings of May 16, $575k revenue for 3 months ending March 31. -0.01 per share EPS loss for the qaurter beats usual -0.02. Cash remaining is $12.8 Million.
The cash dropped by about 50% from March 31 2022 ($24.3 M) to current $12.8M. The prospect of needing to raise cash again weighs on DDC.
On a positive note, we are seeing a 300% increase in revenue. If that is sustained, it could be the first year of revenue above the $1 Million mark. Analysts are caling for $15M revenue, which is consistent with the wrong call they've made for the past 2-3 years. What should matter most is the consistent rise of revenue over time, a proven product that is in demand, recognition from leaders (like they have from Bell and Air Canada) and a no debt model. The thing holding back investors is the share dilution that comes from share based compensation for raising cash that is expected. Despite the excellent revenue for the quarter, it isn't enough to offset the expenses, albeit very well controlled and consistent in their magnitude.