BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Acquisition of LIFX and Share Placement, page-90

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 219 Posts.
    lightbulb Created with Sketch. 52
    "LIFX is targeting achieving profitable operations in CY2019 and the Company notes that unauditedrevenues and EBITDA for Q2FY19 were A$17M and A$284k respectively. Further, the so-called “TrumpTariff” imposed on Chinese manufactured goods imported into the USA (and which were only appliedto LIFX lights starting last September), accounted for nearly A$1M of EBITDA, and so accordingly,Q2FY19 would have been even more profitable for LIFX were it not for those tariffs."

    This is worth reading if anyone missed.  We don't know this extra tariff will stay for longer or not but it shows the capacity to generate earnings.

    And don't forget $15M (CY18 - LiFX expenses) of staff expenses in admin/marketing/sales will get a haircut at some point due to overlap so more to the bottom line.
 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.