Unaudited Statement of Profit or Loss LIFI Labs, Inc.
For the year ended: (AU$) 1 (AU$) 1 (AU$) 1
31-Dec-2016 Annual Revenue $11,333,587
31-Dec-2017 Annual Revenue $22,657,279
31-Dec-2018 Annual Revenue $38,480,509
Latest 4C quarter revenue": $7.1m = annualised $28.4m a drop of 26% from 2018, which seems to reinforce my earlier suspicion that the $38m was somewhat inflated leading to the acquisition.
LIFX did not deliver as they indicated in the Prospectus, yet the 4C seems to spin high % gains everywhere as if it has been so positive , the large jump obviously due to the inclusion of LIFX that was not in the previous quarter so aint comparing apples to apples . Be careful, be really careful, leopard has not changed its spots!
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