Our CEO has, on more than one occasion, redirected questions from investors as to when BRN will be financially independent through the NDA and EAP deals completed to date.
His comments relate to not being able to share the names (household or other) of companies BRN are in discussion, testing and assisting because of these customers having a need to maintain anonymity.
Companies need first mover advantage and prevent their competition from knowing what they are focus in on, blah blah blah!.
BRN also need to maintain this silence to secure future relationships and solidify current partnerships.
To this end Sean tries to appease Investors by redirecting them to
"look to the financials to get a gauge on the uptake from business"
He, in the last interview, added this as to when
"We are building up to having 100 employees this year, our model will ensure revenue will outgrow expense rapidly soon after that so we will be cash flow positive/breakeven then?
The later bold txt was my interpretation, please correct the exact wording if you recall it better than I.
I have been thinking which financial statement will be the first to record a jump in revenue signifying uptake from business?
Could the next 4C be the start of this
I believe at the very least we do know that the 100 employees, as hinted by both Rob and Sean is to be achieved by end of 2022.
Therefore we should, by my interpretation of Sean’s recent addition, be cash positive or break even in 2023.
That’s a lot of revenue to cover wages alone IMO coming next year.
Its early days in relation to the sales and revenue projection graphics offered by BRN in one of the earlies presentations.
Once we get a bit of traction it would be good to have an update so that more meaningful assumptions could be built in
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Do the institutions (those requiring to hold shares to supply the OS market or our ASX related investment groups) believe the next 4C may be step one on this phase of insight and therefore are accumulating at these pull back prices?
Accumulation phases suck when you bought higher but should be very comforting for all holders bc they signify a future where higher SPs will be realised.
I really hope the next finacial statement has a bit of a kick in its tail. I like many want to see BRN grapple with the step gradient of the gray wall in the econd graphic.