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Ann: Half Yearly Report and Accounts, page-24

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Awoonga

6,689 Posts.

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01/03/19

11:38

Post #: 37618543
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"gross profit as a % of revenue" I meant to write.

Originally posted by Awoonga: ↑

banksy,

"gross profit as a % has slid from 52% to 36%" - to emphasise this is a trite misleading, wouldn't you agree?

Gross profit is also up 142% from the corresponding half year period last year.

Revenue has really only just started to accelerate. Comparing the last 6 months with the corresponding previous period is overall deceptive on both positive and negative fronts. The last quarter revenue was up 90% from the previous quarter and it's these two quarters that make up the 6 months of the half year. Effectively the first of the two quarters is dragging down the overall 6 month result.
Then we have the cost of the Zenvia purchase which clouds the numbers.

I for one, am more focused on the quarter on quarter results.

Seeing that the CR camp believe that a CR is coming based on the reported figures, they should also be able to forecast the size of the CR too.

How much? $1 million, $2 million or $x million before we are cash flow positive?

I'm not discounting a CR outright. But based on the last quarter on quarter results, I can't see it being all the large if there was one.

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Last edited by Awoonga: 01/03/19

SYT Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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