So for that quarter we had revenues of 6.6 million AUD and receipts of 2.5 million AUD which is basically double last quarter. With the 2.5 mill lagging we can assume next quarter that the receipts is going to be quite a huge increase.
Now am I right to assume these numbers are basically underselling what's currently going on as 1) The full roll-out to Walmart happened half way through the quarter and it's fair to say most of the stores would have only been stocked for a small portion of time (besides the 1500 stores previously stocked) 2) Even at the end of this quarter there was 600 stores that had not been stocked.
Our cash level basically didn't change, it looks like to me we are not too far off being break even.
People are concerned we only spent 950k on raw material when they have no idea our payment terms with the supplier?
On revenues of 4.8 mill U.S can we assume the amount of yowies sold was roughly 2 million? I mean the graph sums it up perfectly, it's basically heading straight up!
Would have liked an update on Walgreens, 7/11, Valero but impressed with the ramp up in the advertising/social media intentions.
Did anyone notice that they withdrew all but 1 million out of cash desposits on hand, I wonder why they did that??
Insights or mistakes IV made in the above are welcome.
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- Ann: September 2015 Quarterly Report and Appendix 4C
Ann: September 2015 Quarterly Report and Appendix 4C, page-27
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