Provides specialized drilling services for mineral exploration to mining companies. Operates primarily in West Africa, Zambia, and Peru. Now — the numbers.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
Average growth of 13% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
This company is not turning a profit, so the market is pricing its sales instead: 0.5× for every dollar of annual revenue.
No analyst target is on record for this company.
The stock trades 37% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 13% a year on average.
Sales run at $188.2M a year. A small number, but proof the product has real buyers.
There is $18.9M in the vault; even if every debt were paid off, $8.7M would remain.
A loss of $1.6M against $188.2M in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back.
As the slice kept from each sale thins out, so does the profit.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
One-line summary: few numbers, an untested story. Keep watching.
Not covered, because the filings we hold do not carry it: the revenue breakdown.