NOV - Novatti Group Limited - Strawman: ASX share price, valuation, research and discussion

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Last edited 4 years ago

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#Bear Case

stale

Last edited 4 years ago

Bear Case

Looking at Novatti's financials (FY19-20 Annual Report) I'm getting a much different view than some of the ones already posted.

•Revenue has increased 31% yoy

•Net loss has more than doubled yoy

•Cash flow negative -$2.763M

•Less than 1 years cash runway suggesting another capital raise is on the near horizon

•Negative shareholders’ equity

Novatti Group Limited