Comparing BRN to APX (Appen) Appen had 105,804,907 shares on issue as at 31/12/2017 and growing revenue NPAT $19.7m Total revenue $166.1m (up 50% on FY 2016)
BRN had 969,080,489 shares on issue at 31/12/2017 and a net loss of $US 13.6m.
APX has not diluted shareholders with large issues of shares and has developed substantial revenue streams. BRN has issued close to 1 billion shares and from the AGM proposals intends to keep issuing large numbers of shares/options without substantial revenue streams (at least as at 31/12/2017).
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