Ann: CEO letter to shareholders, page-7

OriginallypostedbyUpsNdowns

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OnenotablecommentItookfromtheletterwastheonebelowregardinggettingtoprofitabilityandtheTrumptariffs.Inalllikelihood,Trumpwillbevotedoutofofficein2020andthosetariffsmayberemovedbythenewlyelectedUSGovernment.Ifthathappensitwouldbeamajorboostforthebottomline.Let'shopethegoodpeopleoftheUSAvoteDemocratsin2020.

"GettingtoProfitabilityI’moftenaskedaboutthepathtoprofitabilityforLIFX.Itisinstructivetolookfirstatlastyear,andthenturnto2019.Lastcalendaryear(CY2018revenuesofA$38.5M),LIFXwouldhavebeenprofitablewereitnotfor1)theunexpectedadditionoftheTrumptariffs(whichtookastandard2.5%importtarifffromChinatotheUSupto12.5%-rememberingthattheUSisthesinglelargestmarketforLIFX),2)theadditionalcostofairshipments(vs.seashippingwhichcostnearlyA$1Minadditionalshippingcharges)and3)nearlyA$10Mofordersfromretailersthatwereunabletobefulfilledordelayedduetocapitalrestrictionswithsupply."

"In all likelihood, Trump will be voted out of office in 2020"

Thank you so much for the best laugh I have had in a long time. This is hilarious!

Name any US economic metric you like and they are likely near or at all time best levels under the current administration.