CCO Charting Thread, page-68

Time and time again, we have seen expenses being twice as much as the sales numbers. So, in reality, it doesn't matter what growth in sales is; expenses are always twice as much!

Here are the last 3 quarterlies, with a percentage difference in receipts vs expenses.

September 2023 - Expenses 122% on receipts.

December 2023 - Expenses 93% on receipts.

March 2024 - Expenses 101% on receipts. (But we saw an inventory build to $1.1m to avoid future out of stock events and half-year audit, capital raising, and legal costs saw administration and corporate costs rise to $259k in the quarter).

If we take out the inventory build and extra admin costs for last quarter the trend in difference between expenses and receipts is down considerably over the last 3 quarters.

You need to learn to look for green shoots otherwise you will never make money in this end of the market. By all means wait for breakeven, if that suits your risk profile but you will be paying more for each share when that happens.

Expenses vs revenue looks even better.