Is this Richard John Koch : http://www.mergersandinquisitions.com/net-worth-100-million-richard-koch/ Over 12% now.
5 Feb '15
Personally think today's fall overdone, but I would wouldn't I? The predicted revenue fell from $9m down to $7.5m but everything depends now on the new SmartWall product. By all accounts this is taking off and the next update/results will be very important to get out of this rut. They raised $4.5m late Nov/early Dec so not a desperate situation..........yet?
5 Feb '15
cash burn/warning on rev-again!!
EBITDA loss (operating loss before depreciation, amortisation and financing) for the year ended 31 December 2014 is expected to be in line with market expectations of approximately $7.0 million (2013: EBITDA loss $6.2 million) and revenue is expected to be approximately $7.5 million (2013: $10.3 million) which was below the revenue guidance announced on 6th November. Revenue was impacted by a tail-off in the sales, in the last quarter, of the previous generation product. Net cash at 31 December 2014 was $6.0 million (2013: $9.5 million).
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