I understand the need to try and pump the SP a little.
But I'd be a little concerned if this is the best data they could cherry pick. It seems to indicate that USA growth is starting to plateau.
Yes, sales are up 161% compared to the equivalent period in FY23. But I was quite surprised to see they are down to single digit growth for quarter on quarter.
As a still relatively new entrant into the market, the longer term comparisons are a bit misleading (I've noticed BUB often likes to say things like their sales are up 500%, when comparing to a period where the product was only just released or they only just entered a market). It's the quarter-on-quarter figure that shows the actual momentum.
Given they are now fully reliant on the USA market, and they earmarked ALL their recently raised cash to this market, I would have thought they could do better than 8% growth.
BUB Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
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