3b5d8caf8fe63a13ed4867373facd782

Pacific Edge Limited

(PEB)

NZX

Recommendation:

Neutral

Share Price:

NZD

Market Cap:

$

Pacific Edge: Novitas Uncertainty Lingers

1 December 2022

Pacific Edge shares fell –3% on its half year result which provided little surprises and reiterating business as usual with strong growth in the business continuing. Operating revenue rose +62% from last year to $8.7m, while increased investment into growth meant net loss rose from -$9m to -$10.6m, implying a cash burn of around $2m per month, with cash and cash equivalents of $93.5m plenty of reserves for continued investment into growth. 

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Latest Research on PEB.NZE

Increasing Adoption Rate

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2 June 2022

Taking up the Offer

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9 October 2021

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