Hmmm lots of sugar coating which I never like. Using statistics they’ve rarely used before to try and sell an impressive quarter.
not fooling me marketing team of Novatti.
using a statistic of just AU/NZ to discount all the other shitstorm and labelling it ‘future growth engine’. What happened to the future growth engine or china/overseas money flowing to AUS.
using a gross margin % chart, which I don’t think I’ve ever seen used in these reports.
also what’s up with ‘Cash consumption for Novatti was $4.2m across Q4 FY23. This includes full running costs for the International Bank of Australia Pty Ltd (IBOA) and the continued investment in the stablecoin business.”
i thought the IBOA costs were supposed to stop once they got RADI?
We’ve got about 3 quarters left before things start getting really dicey IMO. they need to show as some great things in these next 3 quarters otherwise not looking good.
at least revenue is back on track, but i think i need to see one more quarter to see if it’s really back.
NOV Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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