Somehow, they managed to go even further backwards in China. So much for the 'China reset'.
Here are quarterly revenue figures for China.
3Q23 - $3.2M
4Q23 - $1.4M
1Q24 - $3.8M
2Q24 - $4.2M (back on track right?)
3Q24 - $2.3M (...nope, false alarm).
That is a massive 47% quarter-to-quarter drop in China revenue from Q2 to Q3 this year.
And that is after the most recent investor presentation one month ago contained the following "Despite a slow start to the year, we expect China to grow strongly in H2". I mean seriously, that has got to be deliberately misleading investors.
They also 'expect' to be cashflow positive next year.
Somehow, they managed to go even further backwards in China. So...
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Last
14.3¢ |
Change
-0.003(1.72%) |
Mkt cap ! $129.3M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $11.69K | 82.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 60 | 3026699 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 14.5¢ | 329609 | 12 |
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| Last trade - 11.33am 21/05/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
-0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
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| Last updated 11.44am 21/05/2024 ? | |||||
| BUB (ASX) Chart |