Ann: Preliminary Final Report, page-29

hey all, just reading all the downramper posts, super interesting how they have tried to spin this too
that said undeniably a strong report from EM1.

Heres a side by side with IMO the most comparable company on the ASX with EM1 - PLY

Both PLY and EM1 punched out $10.9M in revs
Both had comparable COGS, PLY reported all of their direct marketing below the line as selling expenses ($7.6M).
PLY posted a $6M loss vs $267k profit for Emerge - noting EM1 had that 964k in shares they paid themselves and probably others - a lesson for them as their profit would have been much prettier had they waited!


On the balance sheet side:



PLY very healthy at $11.2M cash but EM1 has more cash with $15.8M and a lot of deferred income. Both are healthy on net assets.

The big diff between the two is that PLY is worth 130M and EM1 is worth 30M..
either PLY is way over or EM1 is way unders - somewhere in the middle is probably true

As for ESH, it speaks or cries for itself in comparison: $153k revenue, $2.7M loss for half the year so double that for the full year $5.4M loss
$5.6M cash... which is OK actually and still worth $20M