OMG, I am trying to remain calm & respectful but you make that...

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KingEddie

96 Posts.

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01/08/19

10:45

Post #: 39806185
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Originally posted by 1ronnie: ↑

Unaudited Statement of Profit or Loss LIFI Labs, Inc.
For the year ended: (AU$) 1 (AU$) 1 (AU$) 1
31-Dec-2016 Annual Revenue $11,333,587
31-Dec-2017 Annual Revenue $22,657,279
31-Dec-2018 Annual Revenue $38,480,509

Latest 4C quarter revenue": $7.1m = annualised $28.4m a drop of 26% from 2018, which seems to reinforce my earlier suspicion that the $38m was somewhat inflated leading to the acquisition.

LIFX did not deliver as they indicated in the Prospectus, yet the 4C seems to spin high % gains everywhere as if it has been so positive , the large jump obviously due to the inclusion of LIFX that was not in the previous quarter so aint comparing apples to apples . Be careful, be really careful, leopard has not changed its spots!

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OMG, I am trying to remain calm & respectful but you make that incredibly difficult.

This post is so uninformed it is scary. Worse still is when the post has people clicking on the "Great analysis" button!!

Multiplying a single quarter by four to calculate the estimated CY earnings is so over simplistic its offensive.

I believe LIFX has historically done roughly 70% of it's entire CY revenue in CYH2 (This has been achieved whilst capital constrained). Plenty of revenue to come. Figure should in theory be even better this CYH2. Time will tell...

IMHO DYOR....

BUD Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
17 Upvote

1 Great analysis

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