Q: Hi team. You have not answered any questions on Aurora since 2022. The stock seems to be gaining momentum since September. What are you views on it now?
5i Research Answer:
Even with a 26% one year gain, ASG market cap remains low at $35M. Revenue growth continues, but so do losses (annual) and negative cash flow. Still no analyst coverage here. It did make $71,000 on a 21% jump in revenue in the Q3. Insiders own 23% and have been small recent (net) buyers. It did raise some money near year end 2023 but will need more capital soon. We would consider it a decent microcap, moving in the right direction. But very high risk, with long sales cycles, and limited capital liquidity. We cannot give it a strong endorsement yet.