Growth is on track at the Company.
As of March 31, 2020 Nanotech had $9.2 million of cash and short-term investments and no debt.
Management reiterated annual revenue growth in the 10% to 20% range.
Currently the company is trading at 0.4x price/book value, assuming no value for the patent portfolio.
And just in case you didn’t think that Nanotech Security had IP, check out their state-of-the-art production facility at Thurso, Quebec.