Company Report
Last edited 4 years ago
PerformanceCommunity EngagementCommunity Endorsement
Performance (56m)
4.3% pa
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#Overview
stale
Added 4 years ago

These guys have developed a ‘system’ known as the Early Warning Network (EWN) which is a predictive data platform designed to identify the risk of severe weather, natural hazards and other risks and give early warnings to businesses to mitigate such risks.

This system has been operating continuously since early 2007 and has been used over 18,000 times to deliver millions of alerts Australia-wide.

Currently Australian based, however they won their first client overseas in NZ recently.

Current financials have dipped back into cashflow negative for Q3 FY2020 as per quoted “increased R&D spending” and “late payments from customers”. The board have claimed they do not expect stay cashflow negative for any further periods.

 

No current debt

Founder & CEO has a ~39% stake in the firm and has increased his holding recently. One good sign for me is the owner having skin in the game.

 

More research needed!