Indeed, in the FY21 statements, EBITDA was negative due to IPO costs and also the significant increase in Ad and Marketing expense. In 2021, Ad and Marketing expense was 12.8% of its sales revenue (compared to 8.5% in 2019) and was 53.7% of gross profit (compared to 30.2% in 2019). So it seems a lot more has been spent on getting customers. This might also be reflected in the AGM latest results. I wonder where Ron got the forecasts from, it will be interesting to see what underpins those forecast.
Indeed, in the FY21 statements, EBITDA was negative due to IPO...
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Last
$1.36 |
Change
-0.065(4.58%) |
Mkt cap ! $516.5M | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.44 | $1.35 | $4.463M | 3.225M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 64570 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 4000 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| CTT (ASX) Chart |