Despute the very 'exciting' 4Cs and market updates when you dig down Scout appears to have a lot of growth required to aquire cash flow positive.
For example, Scout appears to have revenue of 318k last quarter but 440k the quarter before that. So there revenue is going down but they claimed it was going up by sneekingly 'normalising' the revenue over an extended quartely basis.
Scout also makes their recurring monthly income revenue look high as it is set out as a quartely amount but infact the $844k is annualised.
Lets be frank - Scout only has 1.8m in the bank and they are chewing through a likely 1.2m next next quarter meaning they may need to cap raise again soon. Additionally, Scout need to get 300% more revenue quarterly before they start to break even.
Please correct me if I am wrong.
Ann: Scout Builds Strong Revenue Growth - Feb 18 Sales Beat Jan, page-14
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