Hard to get excited about either of the last two quarterlies. Yes, there has been a decent increase in receipts, but costs have risen with them. The only key detail we seem to get told is that we have pre-paid for a bunch of inventory. Neither have had substantial updates for shareholders in them. The half yearly back in Feb was the last substantial update we received that covered a variety of topics. Let’s be honest, we get better info from Stealth and his LinkedIn stalking than from our CEO!!! And now we have to wait for FY23 results to start seeing a financial return, will this be Feb? Or do we have to wait until August next year? The stock price reflects how the market views the business. Michael and the Board have plenty of work to present the business as a better opportunity to the market! They talked about recurring revenues when ZOLEO launched? How are we tracking on that metric? What about LTV? Might be a bit early, but start reporting it and it grows over time. What’s the JV worth to Beam? Up till now, absolutely nothing, so show the market it’s worth something!!
This is proving to be a challenging hold, but it may not be for much longer.
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