1. Decrease in Revenue 2. Decrease in COS 3. Delivered a nice increase in GP from 10% to 62% 4. Increase in employment expenses by $290k. Why ? 5. Marketing expenses dropped by $359k. Odd given how they damn well need exposure 6. Other expenses up $250k What are these? 7 Operating loss improved $252k
SImply put they decreased revenue by $180k imporoved margin which is great, however blew costs out thatt might have otherwise delivered an even better bottom line, althoughh a better result bottom line half year on half year
Need to make at least $5m to $7m p.a GP to cover this addicted to cap raise firm. Thats not withstandign the fact operating expenses may also increase, so that probably is too low.
Outcome is more capital raises folks !
Just cant pull the trigger on this one at the moment
FIJ Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
