The disappointing forecast is the last negative hurrah from former flog CEO Scott Richards.
Thank god he is gone and the company can get on with rebuilding.
THe new CEO today stated that the Nextstellis launch was very sub optimal and not done in a normal way. Steps have already been put in place to relaunch and better target Nextstellis customers and prescribing doctors.
Slides 15 and 16 point to a very bright future for Nextstellis. THe website is now attracting 150,000 visits per month versus an average of 20,000 monthly visits in Q4 FY'22
The new CEO is making a real difference early on. He is very sales and margin focussed.
To make angry shareholders feel a bit better Chairman Frank Condella stated in answer to a shareholder question today that the former CEO and all senior executives received no STI and/or LTI bonus over the last 5 years.
I suspect the SP will be volatile until this time next year.
Cheers....D
Ann: AGM presentation and business and trading update, page-30
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