I am not sure why we can't compare to the last quarter. Seems fair.
@damo87 had the following after the last 4c (original post is here):
According to the above, this latest 4c was going to be the first to show a full quarter of Magnemask revenue. The latest 4c shows 20% drop (from $321k to $255k, so it is hardly "slightly". A growing business should not see revenue drop quarter on quarter. Maybe there are timing issues with exactly when it is invoiced out by P&G - the timeline from warehouse to sale may be longer than speculated?
You talk about different generations, but surely products should be building revenue, not reducing it. Possibly the directors need to inform shareholders why the revenue dropped, rather than just say it was "seasonal".
The next 4c may be good, or it might not be. OBJ need to string together strong ongoing revenue. If the next 4c is under $300k, we will see a pattern forming. If it is over $500k we will have to wait for the following one to see if grown can happen for more than just one quarter. And so the saga continues.
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- Ann: Appendix 4C June 2018 Quarter
Ann: Appendix 4C June 2018 Quarter, page-83
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