GEOOP Announces Acquisition Of InterfaceIT Pty Ltd
https://www.nzx.com/companies/GEO/announcements/279128
I was about to quit this dog but maybe things just got a little interesting?
"Revenues of the combined entities were $4.3M at December 2015, including Callaghan grant revenue for GEO. Operating costs of the combined entities were $8.4M at December 2015.
Combined losses were $4.2M at December 2015. "
Cash flow will be an issue and a capital raise must be on the cards, but at revenue of $4.2M and high growth rates for both companies, with some good cost control profitability may be achievable in the next 18-24 months.
Would be interested in others comments and thoughts.