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agree mate, best buys sales numbers along with UK and Middle...

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huggybear_dk

1,499 Posts.

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22/09/17

16:56

Post #: 27402843
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Originally posted by retrobyte ↑

Nothing in the report we didn't already know. A few things I highlighted in my read through - (1) 17,000 were produced during the year (2) revenue doesn't reflect any Best Buy sales, since these were invoiced until July (3) CR funds will be used (among other things) for "development of second generation and new product lines" (4) report mentions "rapid retail uptake" (5) provision for warranty claims is $246,634 ... divide by $399 = 618 units, or 3.6% of the 17,000 units produced in FY2017 - seems like a small return/repair percentage for a mass produced electronic device. Otherwise, nothing jumped out at me of concern or new excitement. Tells the story that we already know and understand. Next two quarters are key.

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agree mate, best buys sales numbers along with UK and Middle east and the lead up to xmas should deliver some value over the next 3/4 months or so.

Looking forward to hearing tpf3891's expert analysis.

NUH Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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