The only good news in this announcement was the culling of staff, which should reduce the R&D expense (stock based compensation), however with the stock declining, they must be issuing more and more shares to keep those that remain happy.
As stated hardware tanked over Black Friday/Cyber Monday/Christmas period.
"Adjusted" EDITDA is a joke metric. Saying we're cash-flow positive if we exclude all these operating expenses is meaningless.
“I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings.” -Charlie Munger
The only good news in this announcement was the culling of...
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Last
$14.83 |
Change
0.030(0.20%) |
Mkt cap ! $3.096B | |||
| Open | High | Low | Value | Volume |
| $14.60 | $15.01 | $14.27 | $6.683M | 453.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 336 | $14.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.84 | 7467 | 3 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$14.77 |
Change
0.030 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $14.43 | $15.01 | $14.30 | 768373 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| 360 (ASX) Chart |