Looking at past quarters (in my screen capture below), it can be concluded that they have had cash-flow positive quarters when revenues have been around 27 mil NOK or higher:
- Q4/2021: sales 34.7m NOK, Earnings 4.3m NOK
- Q3/2022: sales 27.1m NOK, Earnings 6.8m NOK
- Q2/2023: sales 33.2m NOK, Earnings 4.0m NOK
Since we should be on a clear path to “healthy increase in revenues” in short term, as stated in latest quarterly report, which also referred to Q1 as being typically the weakest… well I think we could assume 30m NOK or better sales for every remaining quarter this year? At least this is assumed by analysts in the figure shown.
Then maybe this is not such an issue and we could start to be cash flow positive quite soon.