The Yojee Ltd (ASX: YOJ) share price hit a 52-week low of 5.8 cents this morning as the software-as-a-service logistics business does not appear to be impressing investors with its lack of revenues anymore.
For the quarter ending September 30 2018 Yojee reported just $118,000 in revenue and an operating cash loss of $2 million, with just $7.6 million cash on hand after it completed an $8 million capital raising at 10 cents per share in July 2018.
Yojee claims to use blockchain technology and artificial intelligence to boost its software-as-a-service last mile delivery logistics product, but investors clearly aren't expecting much for the last quarter of 2018 given the share price just hit a 52-week low.
This time last year the stock sold for 35 cents, but the stock has shed 83% of its value since then.
Another "software-as-service delivery logistics" business struggling to deliver on its boasts that previously included partnerships with Amazon and the Commonwealth Bank of Australia (ASX: CBA) is GetSwift Ltd (ASX: GSW).
Its share price has fallen from $3.32 this time last year to 38 cents today and neither Yojee or GetSwift are likely to impress value investors.
