The statutory numbers paints a negative NPAT number, but when you look under the covers it's profitable right now.
Take the 1H FY24 results just past. Amortisation costs were $1.8m. $1.05m was the amortisation of IP, contracts and software from previous acquisitions. And $0.75m was for capitalised development costs.
The company only capitalised $0.25m of development costs in the half, so $1.55m of the amortisation costs were related to past acquisitions and historically higher levels of capitalised development. One can make the case that EBIT/PBT/NPAT at the current run-rate of the business are understated by $1.55m.
This is how I see the business. It's profitable and free cashflow positive right now. It's only historic items - acquisitions and higher levels of capex - that are painting statutory NPAT into the red.
The statutory numbers paints a negative NPAT number, but when...
Add AIM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $66.82M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 31.0¢ | $24.86K | 78.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12763 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 252 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
32.0¢ |
Change
-0.005 ( 2.35 %) |
||||
| Open | High | Low | Volume | ||
| 33.0¢ | 33.0¢ | 31.5¢ | 14510 | ||
| Last updated 15.47pm 24/05/2024 ? | |||||
| AIM (ASX) Chart |