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.
ELX Price at posting:
84.0¢ Sentiment: Hold Disclosure: Held
