OB:NOLEnergy Services
Northern Ocean (OB:NOL) Stock Can Narrower Losses Outrun Cash Pressure
Northern Ocean stock went into the Q2 print with little momentum, roughly flat over the past month and slightly down over three months, yet the latest numbers delivered a sharper story than the share chart suggests. Revenue for the quarter came in at US$34.1m while the company still reported a net loss of US$2.5m. The real headline is the pressure on the balance sheet. The business has less than one year of cash runway and remains unprofitable, which keeps the long term funding question front...