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clock Created with Sketch. 11/12/19
10:54
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Originally posted by Nomadic_Investor
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On the point of FY19 revenue being approximately the same as FY18, I think it's more useful to look at the actual breakdown of this figure. You'll see roughly one-third came from non-operating aspects like R&D grant income ($40k) and "debt forgiveness" ($28k). Not the sort of stuff that's a true indicator of momentum here, which is why I hate these figures being thrown around with footnote disclaimers. Strip these out and the effects of their distributors being overstocked was much more pronounced - that is, underlying sales were 33% lower between the two years, even with the 12.8% compound monthly online sales growth.
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Not surprised to see that this one has been cancelled 'postponed'.
