BUDDY TECHNOLOGIES LTD (ASX:BUD) - Ann: Appendix 4C - Quarterly Report with commentary, 34663450, page-104 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by 1ronnie ↑

If you strip out the grants, BUD achieved quarterly revenues of $761k (annualised rate $3.4m) against quarter expenses of $4.1m for a quarterly loss of ($3.3m) (annualised loss of $10m). So while it has grown its revenue q on q, it is off a low base (eg from $100k to $150k is 50% but on a lowbase). It would take them a few years before they can break even amidst considerable number of energy saving platforms and competition in the BEMs space (BUD is a latecomer in a saturated market which mentioned a few times when i was posting a few months back).
What is also concerning is the high proportio of customer revenues that is uncollected and remains as receivables- 63% - it may be some commercial sweeteners to sign people up. Only $284k receipts out of $761k revenues on the quarter.

What people expect for a perceived high growth stock with still large mcap is rapid traction in the global marketplace- and you dont see that here, just muddling through and DM usual war and peace story with excuses galore to impress upon his ardent loyal fans- calling them ‘investors’ ( i dont see such references elsewhere in other companies- trying to get personal to win your hearts).

It is naive to believe the forecasts that got BUD in trouble - i think its denial in works possible some of you overinvested in this i am afraid. Hence i said that you can make considerable $ if you ride a dog of a stock from early on but getting out at least significant portion at its high before it is clear the emperor shows he has no clothes (like GB did).

Good luck to holders. I wouldnt hold my breath for this one.

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Why are some neg people assuming sales will not increase percentage wise? This business engine is just starting to wind up from this initial base.

Why are some neg people assuming no new retail resellers will not be added in the next 3 or so years? Have you forecasted the increase in resellers over time....no

Are they also assuming no new products will be added as well in the the nest 3 years. It seems so...so short sighted.

Its still early days people....have some patience. This is not a get rich quick scheme.