ApplyFlow (ASX:AFW), 8Common (ASX:8CO) and Volpara (ASX:VHT) Quarterly Reports
These growth stocks are still losing money, but seem to be heading in the right direction.
8Common Ltd (ASX: 8CO) is an expense management company that provides Expense8 expense management software to a range of large corporate clients and government departments. 8Common also sells CardHero which supplies pre-loaded Mastercards for disbursements and expenses. CardHero is integrated with Expense8.
8Common (ASX: 8CO) was founded by Kah Wui “Nic” Lim who listed the company since it listed at 25 cents per share in 2014. At that time it consisted of Realtors8 and Expense8, but in subsequent years Realtors8 was sold to Cloudaron Group, in exchange for shares. Cloudaron Group is an extremely illiquid stock that trades (infrequently) on the Bursa Malasia. At June 30, 2021, the value of Cloudaron shares on the 8Common balance sheet was less than $1m.
These growth stocks are still losing money, but seem to be heading in the right direction.
These three companies report quarterly, but their Annual Reports still offer a valuable window into the company.
Corum and Rightcrowd report increasing cash burn in their quarterly cashflow and 8Common has reported a material contract win.
8Common (ASX:8CO) keeps promising growth but the receipts from customers are down.
8Common (ASX: 8CO) and Mach7 Technologies (ASX: M7T) are two small Aussie software stocks with strong share price momentum.
Part 1 focusses on smaller, illiquid, relatively unknown micro-caps that could fall sharply as bond rates rise.
These little companies are each hovering around breakeven, and if a few things go right, they could end up soaring…