Just saw your comment, thanks for the summary, any inkling on directions for new products?
Having read through a bit of the report itself, to me it looks like North America could hit $100M revenue in FY23, which from memory was one of the major 'milestones' they wanted to achieve. But I still am not any closer to an idea of what their longer term objectives beyond this are. They have mentioned participation in manufacturing and I wonder what this would look like.
I also noticed some direct mention of having transitioned away from one major daigou reseller to more transparent, exclusive CBEC resellers. I read this as a specific reference to 'A2 Andy', the same reseller who had a major dummy spit and trashed them up in AFR recently. Interestingly, though it clearly had some negative impact on daigou sales it did not seem like a lot, as it was offset by higher CBEC sales.
I wonder if he goes by 'Bubs Andy' now - doesn't quite have the same ring to it.
A2M Price at posting:
$5.63 Sentiment: Buy Disclosure: Held
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