The investor presentation is much better (well done Jane i think), but it also illustrates our biggest issue.... We are giving Zoleo's away to Roadpost, who then make healthy royalty revenues on the product. Look at the increase in Zoleo sales from H121 ($2.8m) to H123 ($5.1m), an increase of $2.3m. Yet Gross Margin for Zoleo hardware sales went up a measly $50k, we get nothing for all those extra sales. Not only have economies of scale not kicked in, we've been hit by significant inflation. Yet Roadpost would be seeing their Royalty incomes on those units sales kick in and go up 1000% in that time. Why are Beam the ones absorbing the inflation on the hardware costs to benefit Roadpost? Michael needs to sort this out once and for all, as we are sub-servient to Roadpost in this JV!!
BCC Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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