RE: Cash Placement RNS6 Jun 2024 08:36
Plus I noted from yesterday’s announcement that they expect to achieve EBITDA break even by the end of 2025 on a MONTHLY BASIS. NOT overall EBITDA break even. So, another quietly carefully worded push back on financial performance. This means OVERALL EBITDA break even not until later in 2026 now.
Which, in turn of course means more cash calls. Which means yet more dilution.
And anyway who believes any of their forecasts anymore? The rate of revenue growth they are currently ‘achieving’ is nowhere near enough.