The problem with CCO is that when sales increase so does expenditure.
the last 3 quarters have seen product manufacturing exceed receipts from sales $1.10 for every $1 it makes.
will increase in sales mean an increase in expenses?
I predict the figures will look good for the upcoming quarter. I speculate CCO have front ended and back ended the numbers into FY24Q4 and and FY25Q1.
FY25Q2 is your key metric. Will CCO be able to figure out how to sell for more than it costs to produce in an organic and sustained manner?
Ann: eCommerce sales exceed $18,500 per day in June, page-14
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $15.02M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $11.85K | 1.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 20133954 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 7529166 | 16 |
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| Last trade - 11.31am 23/07/2024 (20 minute delay) ? |
| CCO (ASX) Chart |