American semiconductor equipment Revasum hopes to pick up steam after listing on the ASX in December and says it is not fazed by the fact that its stock has not moved from the price it listed at: $1.70.
Chief executive Jerry Cutini told iTWire that his reason for optimism was because the company was involved in industries that were just getting set to go - the electrification of cars, the Internet of Things and 5G.
He said investors were starting to show interest in the company which listed on the ASX because most of its business is done with companies located in the Asia-Pacific region.
But Cutini said he was struggling to understand why investors were not showing more interest in Revasum, given that it was an industry that was involved in technologies that were part of the future.
{loadposition sam08}He admitted that December was probably not the right time to list on the ASX given that it was a quiet time of the year and the start of the Australian summer which is generally a slow time for business.
Revasum recorded revenue of US$27.3 million for FY18, an increase of 118% over the previous fiscal year. A net loss of US$4.4 million included a non-cash US$3.1 million loss upon revaluation of common stock warrants prior to listing on the ASX.