Would it be worth now of a small investment?
Thanx Gary
Its strong momentum is certainly continuing, now up 48% in 2025 already. It has signed more contracts, and expanded its georgraphic base. Its raised $8M late last year. Many of its contracts are still in the pilot phase, but certainly it is very busy. It has issued a lot of press releases, and we might prefer a more quiet approach. In its last report it had mimimal revenue still, about $2M cash, and reported an operating loss of $2.3M and a net loss of $4.8M in the first nine months of 2024. Operating cash flow was negative $2.2M. So, our earlier comments on revenue/cash flow still very much apply. There remains financial risk here. But, on the plus side there are the contracts, momentum, and a bit of insider buying. Market cap is now $134M, and typically above $100M more investors start to look. We think it could be bought as a 'basket' approach with several other small caps, but would still be a but reluctant to give it full endorsement while cash flow remains negative.