Net Loss for Nextnation in Q4 result

nX posted a net loss of RM251k in Q4. It is very bad as I do not expect a growing company like nX will register a quarterly net loss.
It is worrying as they do not disclose how much they spent for upgrading the systems and the most important point is they provided doubtful debts. In other words, the trade receivables will not be all collected eventually.
By comparing this quarter (Q4) against last quarter (Q3), revenue recorded has decreased from RM28mil to RM21mil while operating expenses remain almost the same RM22mil vs RM21mil. Another disappointed point is the loss before tax incurred in other countries, which is amounted to RM7.7mil. This is arrived even though nX recorded a total of RM44mil from the operations in other countries.
The qtrly result is badly impacted when the management provided doubtful debts expenses. It is to first time they done it and we do not know will they provide this again in the future. We also do not know when the upgrade of systems will be completed as well. No dividend is proposed since the cashflow is weak and disappointing as well.
In the mean time, I am wondering how much the share price will drop on Monday. Hopefully the current low price has reflected the bad current quarter result. This is the worst investment I ever made. Are you going to hold on? I am calculating how much I can get back by disposing it for future investment.
nX, good bye and I wish you all the best in the future.