ALC 6.78% 5.5¢ alcidion group limited

Ann: Alcidion FY20 Half Year Report and Appendix 4D, page-32

  1. 16,591 Posts.
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    This was a company that I have been following for some months, with a view to becoming a shareholder if I felt the valuation and financial performance stacked up.

    Today's result, features a 24% fall in Gross Profit:

    alc gp.JPG

    Which would have been even worse, had it not been for the transference of a net $230k out of CoGS in the half, compared to pcp:

    alc re-classification.JPG

    Can anyone shed some light on what might be driving this?

    Because it doesn't "feel" to me like the kind of Gross Profit performance for a $200m market value company.
 
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