KDY 0.00% 2.7¢ kaddy limited

DW8 Growth, page-4110

  1. 4,872 Posts.
    lightbulb Created with Sketch. 5649
    They mention $1.5M in incentives. May be some free deliveries, storage etc calculated with rate card prices so may only be $1M actual cash burn. Maybe some overseas holidays & cars as well similar to another wine e-commerce site that launched a few years ago.

    Either way the incentives have to be paid for so I expect an increase in cash burn while the incentives are available possibly until the end of June. It will require $10-15M GTV of liquor to be traded on B2B to recover the costs. We have no idea at present what sort of GTV figures to expect so it may take a month or a few more to recover the costs.
 
watchlist Created with Sketch. Add KDY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.