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0.6¢ buddy technologies ltd

Would love to know how they get to scale when their manufacturer...

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McKhenry

5,166 Posts.

813

27/06/20

00:16

Post #: 45483784
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Originally posted by Coit: ↑

So let me understand this please:
“The Company’s second best month in its history is a loss of approximately A$176k.
It was achieved through “efforts to overhaul the business and reach the efficiencies needed to be profitable at scale”
“Consolidated revenue for the month of May – was down 18% from April 2020 and down 25% from May 2019”
Government subsidies related to COVID-19 are included in the revenue figures above.
Again:
Second biggest month is a loss of 176K which is equivalent to 13,538,461 shares
It was achieved through major cost cuttings – not only are they unsustainable but they are, at their own admission, only applicable at scale. Therefore if that scale is not achieved?
It includes subsidies related to COVI-19 – unsustainable

And this is construed by some as positive. How?

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Would love to know how they get to scale when their manufacturer wont manufacture and they cannot go anyhere else.

Once covid restrictions are off and directors go full tough feeding again, it really is hard to see how this boat floats..
BUD Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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