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  5. MRS: Hi 5i Team - Could you provide an update on Mission Ready Solutions. [Mission Ready Solutions Inc.]
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Q: Hi 5i Team - Could you provide an update on Mission Ready Solutions. How much cash and how much debt does it have. In general what is the state of the balance sheet - can it weather a continued downturn. Could you also comment on insider trading and potential going forward. Thanks.

Asked by Rob on May 12, 2022
5i Research Answer:

MRS in its last filing had $7.9M cash and $18.2M debt. We would not consider this a 'great' balance sheet for a company its size. In the past decade cash flow has been negative every year except 2020. We think it can weather a downturn, however, though it may need to issue shares at some point. We would not consider the situation crucial currently, but certainly needs to be watched. Insiders own 11% and have been small net sellers (very small) in the past six months. There are no analysts so no forecasts. At $41M market cap and down 52% in a year, we do not see it as a stock likely to perform in the current market backdrop.