Wow - this is looking horrible, a ~10m negative swing straight into the opening quarter. How could it go so far in the red. Slow growth, 31% drop in sales and no profitability in sight. Burning through cash, they will have to do another CR!
Given they are building a much higher capacity Colorado facility, they will need a degree of private label sales they've ditched to fill the capacity and ensure US competitors don't out produce them - Private label does have its place in a companies portfolio as retailers are usually more willing entertain ranging their brands if a manufacturer plays ball on some private label products. Also, using a broker who controls retail relationships and takes a cut - what does this look like long term?
Some facts, they burnt through $15m in cash in 1st quarter with not much to show (acquisitions, sales growth etc.):
Also expected outflows next quarter ~25m, surely that gives them 4-6 months runway before CR given no profitability:
- Forums
- ASX - By Stock
- EXL
- Ann: Quarterly Report and Appendix 4C
Ann: Quarterly Report and Appendix 4C, page-6
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EXL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $3.963M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $601 | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 12990231 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 12099119 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 12715048 | 0.003 |
23 | 16042551 | 0.002 |
12 | 14160480 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11799119 | 15 |
0.005 | 8326856 | 9 |
0.006 | 2784737 | 9 |
0.007 | 4022900 | 5 |
0.008 | 1238189 | 9 |
Last trade - 13.19pm 16/07/2024 (20 minute delay) ? |
Featured News
EXL (ASX) Chart |