DTC.ASX Damstra Holdings

Down 85% from is peak of $2.25 in October 2020. Currently around 25c. Has this bottomed? Its just broken its 200 day moving average, is approaching cash flow break even, and has $10 mill in the bank.

Damstra Holdings Limited (ASX.DTC) (Damstra or the Company) is a leading Australia-based global provider of integrated workplace management solutions.

"It is important to highlight that Damstra specifically targets long-life civil construction projects and has no exposure to the residential or office construction sectors. Damstra is also strategically positioning itself for an opportunity to work with infrastructure companies, including some current clients, that are expected to build the projects to deliver Australia’s energy transition road map. The Company views this is as an exciting and potentially lucrative sector to be exposed to."

“Q4 has been a breakthrough quarter for Damstra . With two large client wins in North America our international business is now showing the benefits of our significant investment and we believe Damstra has the critical mass to grow at scale. Our much improved cash flow outcomes are pleasing in the current environment, with a material and structural reduction in cash outflows in Q4. By the second half of FY23, we expect to be free cash flow positive." Cash on hand at 30 June 2022 was $10.1m, with a further $5m in funds from the Company's credit facility currently undrawn."

Q4 FY22 Quarterly Report and Appendix 4C

http://research.iress.com.au/IDS/old...091850000&ppv=

DISCL. Accumulating at current prices.