SKF seems to be doing everything right.
FY18 Key HighlightsFY2017
Financial highlights:
• First positive EBITDA at $0.067 million
• Operating revenue growth of 92% to $6.17m, when compared
to FY2017 revenues of $3.2 million
• Recurring revenue growth of 68% to $3.4m
• Recurring revenues of $1 million+ per quarter and continuing to
build
• +4,500 venues now deployed across our global footprint of
customers
• Annualised reduction of $1 million in operating expenditure
when compared to FY2017
• 254% reduction in net cashburn year on year to an average of
$130,000 per month in FY2018 from $330,000 per month in
Very few tech companies have been growing revenues but at the same time reducing staff costs. Its annual employee expenses drop to $3m from $4m last year and share based expenses just $200+k which is very reasonable. Unlike for e.g YOJ which reported close to $6m loss on less than $500k revenue but expended $600k rewarding its Exec Director on share based remuneration.
Find companies that work for shareholders , not the other way around (which seems to be the case with a number of tech companies )
Column 1 Column 2 Column 3 Column 4 Column 5 0 COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @MIDDAY GAIN% 1 29/8 SVA $ 0.037 $ 0.036 -2.7% 2 20/8 NGI $ 5.810 $ 5.780 -0.5% 3 8/8 SFC $ 15.050 $ 17.060 13.4% 4 6/8 CGL $ 7.080 $ 7.600 7.3% 5 31/7 MYE $ 1.180 $ 1.280 8.5% 6 30/7 MP1 $ 4.370 $ 4.085 -6.5% 7 26/7 SKF $ 0.150 $ 0.185 23.3% 8 24/7 ZEN $ 1.060 $ 0.885 -16.5% 9 23/7 CXL $ 0.630 $ 0.835 32.5% 10 17/7 COE $ 0.445 $ 0.452 1.6% 11 13/7 SHL $ 26.500 $ 26.210 -1.1% 12 29/6 BYE $ 0.340 $ 0.290 -14.7% 13 28/6 ATC $ 0.195 $ 0.157 -19.5% 14 18/6 A2M $ 10.780 $ 11.580 7.4% 15 18/6 CGC $ 8.750 $ 7.280 -16.8% 16 14/6 NZK $ 2.240 $ 2.550 13.8% 17 4/6 BUB $ 0.830 $ 0.705 -15.1% 18 15/5 SW1 $ 0.410 $ 0.355 -13.4% 19 14/5 RHC $ 65.420 $ 55.360 -15.4% 20 9/5 FYI $ 0.145 $ 0.084 -42.1% 21 3/5 4DS $ 0.057 $ 0.120 110.5% 22 2/5 PME $ 8.150 $ 10.390 27.5% 23 1/5 TTT $ 1.540 $ 2.110 37.0% 24 30/4 CTD $ 24.880 $ 32.720 31.5% 25 18/4 CLV $ 1.030 $ 1.595 54.9% 26 18/4 VIV $ 0.054 $ 0.047 -13.0% 27 11/4 APX $ 8.820 $ 15.200 72.3% 28 11/4 BHP $ 29.440 $ 33.370 13.3% 29 11/4 PPS $ 0.595 $ 1.080 81.5% 30 11/4 PTB $ 0.545 $ 0.640 17.4% 31 Return @ 11.81% assuming @ $1k even per stock
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