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  5. LMN: You replied to an earlier question "In the first nine months of 2023, LMN revenue rose 86%, almost all (ex 1%) from acquisitions. [Lumine Group Inc.]
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Q: You replied to an earlier question "In the first nine months of 2023, LMN revenue rose 86%, almost all (ex 1%) from acquisitions. "
How does Lumine finance itself and with little organic growth how does it be profitable?
Thank You
Peter
Asked by Peter on February 08, 2024
5i Research Answer:

LMN has $141M cash and is producing cash flow, which goes towards acquisitions. The acquisitions themselves are typically generating cash flow, and the cycle continues. 

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