iCetana Limited

ASX:ICE

iCetana Limited

ASX:ICE
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$0.017 (0%)
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0
Held by
5
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acarbone1
Company Report
Last edited 4 months ago
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ranked
#188
Performance (53m)
10.5% pa
Followed by
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##Watchlist
acarbone1
Last edited 4 months ago
View author's company report

I’ve recently added iCetana to my watch list (ICE). 

In summary they are a 6 million dollar Market Cap Company that specialises in CCTV Camera Sales as well as Licensing its AI driven video analytic software.

Positives

  • FY24 Annual recurring revenue will be approximately 1.9mil representing 16% growth on its pcp.
  • FY24 total revenue will be approximate 3.4mil (2nd quarter had a larger one of sale)
  • In FY25 they will start taking North American Sales

Risks

  • they will likely have to capital raise inside 12 months
  • At the current Market Cap any Cap raise will be quiet dilutive
  • Extremely illiquid
  • Profitability could be some time away
  • Every other risk associated with unprofitable micro caps