BUD 0.00% 0.6¢ buddy technologies ltd

@Ryanb Do you understand the concept of Black Friday?? 29th Nov....

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    @Ryanb Do you understand the concept of Black Friday?? 29th Nov. The great majority of companies in retail run their business at a loss ( in the red ) until Black Friday when they finally make a profit from that point until the end of the year. LiFX revenues have doubled in Jan and Feb and most likely will will find the same in March. You are correct that they ran at a small loss in both months. This is better than budgeted for and sits better than forecast to be profitable by the next of Cy19. The great majority of sales and profits will occur in the final quarter.
    Until now LiFx has been a retail coy. Their sensors where not processing the data they collect. Now, combined with OHM and the buddy platform that all changes and grows the business.
    Remember, the founders and Dave have escrowed shares until $100m is contributed in 18 months and $250m in 36 months. You have to show a little vision here instead of just crying that its not profitable!!! Bet you were never long Amazon with that attitude.
 
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