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5.4¢ novatti group limited

Ann: December Quarter Results Presentation, page-8

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31/01/23

10:13

Post #: 65968118
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Originally posted by Hecticpharmer: ↑

Definitely a lot of question marks there

Biggest one is:
Increase in customer's receipts but lower revenue??? Fair that last quarter they use seasonal factor as an excuse but now what is with the lower margin?

Pros:
Good to see manufacturing cost and admin cost reduced. Usually manufacturing cost is porportional to customer's receipts, this quarter is the first time I have seen increase in receipts but lower manufacturing cost (maybe they actually tighten up the spendings there).

Cons:
They hired even more people in tbe last quarter
Cash flow taking away the 12.8 mil is actually -2.4mil, not sure how much tighter they can work around it. Probably can give them one more quarter to prove their worth or otherwise, I dont see cash flow positive end of the FY23.

The pros and cons are pretty balanced for this one, don't really think it will draw that much attention from the market.

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agree lots of questions … where is progress update on emersion? Where is visa acquiring? How much of Reckon’s clients are on the Novartis platform other than ‘progressing’. few blind spots that would be useful to understand more about.

NOV Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $19.21M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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Price($)	Vol.	No.
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Price($)	Vol.	No.
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0.060	146837	3
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