Overall its good to see the revenue momentum building.
A couple of things I picked up were : Sales by Geography Australia +34% to $4.2m USA (-15%) to $3.5 Canada +179% to $6.1m
I was surprised to see the decline in revenue from the US market. The result from Canada was excellent.
Also a couple of takeaways were : "The latest major Australian retailer to commence selling ZOLEO in the last financial year is Australia Post Group. The device is initially sold at around 100 Australia Post outlets in regional areas, which brings the total number of retail locations stocking ZOLEO to just over 200 at June 30, 2021"
" the number of Australian ZOLEO subscribers also grew significantly to around 1,300 by the end of FY2021 and the Australian average revenue per user (ARPU) continued to hover at around $45 a month"
"Beam’s 50%-owned joint venture (JV), ZOLEO Inc., recorded a 514% jump in revenue to $13.5 million for the year ended 30 June, 2021, compared to the previous year. The revenue reflects device sales, activation fees paid by end users and recurring subscription revenues from monthly service plans."
Its all heading in the right direction.
BCC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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