Decent result on bottom line and fair bump up in SP considering current valuation on EV basis. Here I will give you a nice slap, every single long term metric going in the wrong way:
revenue in all markets going down, 15% decline y/y for H2 FY23
gross margin down,
conversion rate down
new customers down 31%
Website visits down 10%
US $1.3m on marketing for $1.9m in sales yikes
CAC up 11%
Inventory 2*target levels been elevated for a while now, inventory write off of 5%
At least they paid only $190k for 'bookkeeping' services to the CEO's retiree father from $300k last year
Hopefully they can sustain dividends long enough to repay current value
STP Price at posting:
45.5¢ Sentiment: Hold Disclosure: Not Held
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