Their detailed P&L give the reason for on going share price weakness. The current manufacturing cost including labour for itrack does not give them a profit irrespective of volume. They need a dual focus Volume and Manufacturing Cost reduction. Visibility needed in the fixed vs variable cost. I am assuming all manufacturing cost to be more variable. Hope management give insight of their cost initiatives.
Ongoing Share price weakness
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $52.62M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 22.5¢ | $54.40K | 238.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6500 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 28254 | 1 |
View Market Depth
| Last trade - 15.33pm 06/06/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 23.3¢ | 23.5¢ | 22.5¢ | 173066 | ||
| Last updated 15.47pm 06/06/2024 ? | |||||
| EYE (ASX) Chart |