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clock Created with Sketch. 30/04/19
20:21
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Originally posted by UpsNdowns
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."Getting to Profitability I’m often asked about the path to profitability for LIFX. It is instructive to look first at last year, and then turn to 2019. Last calendar year (CY2018 revenues of A$38.5M), LIFX would have been profitable were it not for 1) the unexpected addition of the Trump tariffs (which took a standard 2.5% import tariff from China to the US up to 12.5% - remembering that the US is the single largest market for LIFX) , 2) the additional cost of air shipments (vs. sea shipping which cost nearly A$1M in additional shipping charges) and 3) nearly A$10M of orders from retailers that were unable to be fulfilled or delayed due to capital restrictions with supply."
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Trumps approval rating is over 50% with 92% negative press and the Mueller probe being a waste of time
