BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Appendix 4C - Quarterly Report with commentary, page-183

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  1. 8,751 Posts.
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    As for the lifx side of the business, the revenue targets seem achievable. But whether they can achieve the level of profitability needed (enough to carry the other business too) before a CR is the current question.

    A good question. Without seeing the Balance Sheet it is difficult to guess but I would not rule one out just yet.

    The Buddy Ohm + Buddy Cloud side of the business has probably already lost close to $5m in CY19 and it will probably lose a few million more before the end of CY19. Lifx is currently losing money and it will probably not be profitable until Q4 CY19. Q4 CY19 may be good enough to make Lifx profitable for the CY but it is unlikely to cover the loses for CY19 from the Buddy Ohm + Buddy Cloud side of the business.

    In my opinion if we can get to the Dec qtr without a CR, we may not need another one (if everything goes to plan).
 
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