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Operations: Red Sky Energy Limited has not reported any revenue segments.

Market Cap: A$65.07M

Red Sky Energy Limited, with a market cap of A$65.07 million, is pre-revenue and unprofitable but has reduced losses over the past five years by 5.1% annually. The company benefits from being debt-free and having short-term assets of A$3.5 million that exceed both its short-term liabilities (A$596.5K) and long-term liabilities (A$849.8K). Despite high share price volatility, Red Sky maintains a positive cash runway for over three years even as free cash flow decreases by 14.6% per year. However, shareholders have experienced dilution recently with increased shares outstanding by 2.3%.

• Click to explore a detailed breakdown of our findings in Red Sky Energy's financial health report.

• Examine Red Sky Energy's past performance report to understand how it has performed in prior years.

Veris

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Veris Limited offers surveying and spatial data services mainly in Australia, with a market cap of A$24.95 million.

Operations: The company generates A$92.59 million from its segment focused on providing comprehensive spatial data solutions.

Market Cap: A$24.95M

Veris Limited, with a market cap of A$24.95 million, generates significant revenue from its spatial data services. Despite being unprofitable, it maintains a positive free cash flow and has a cash runway exceeding three years. The company's debt reduction over the past five years and more cash than total debt indicate financial prudence. While its share price is volatile, Veris trades at 62.4% below estimated fair value and has not diluted shareholders recently. The management team is relatively new with an average tenure of 1.9 years, but the board's experience averages 3.5 years, providing some stability in governance.

• Dive into the specifics of Veris here with our thorough balance sheet health report.

• Examine Veris' earnings growth report to understand how analysts expect it to perform.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:PVL ASX:ROG and ASX:VRS.

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