mmm... worth a thought. revenue was up $5m then down $20m and there seems to be steady decline in profit margins.
So agree it could be the start of something.
However, my understanding from last quarter the profit margin is due to the rising cost of components which seems to make sense with all the supply problems and inflationary pressures we are having at the moment.
But all this GLP1 business may be hiding something more fundamental.
thanks for keeping it real.
I bought a massive amount (for me) below $22 and was thinking about buying even more, so need to be wary.
Ann: ResMed Announces Results for the First Quarter of FY2024, page-63
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