On the surface it looks promising with strong sales. Hopefully with an MD they will be able to deal with the expenses.
Okay just read increase in srg of %4.4mil while only $0.2mil growth in expenses. Interesting to note if expenses have been pared back or whether repeat orders so therefore less expense to sell required.
Still seems very high. Unfortunately a further 76% growth in srg will not close that gap. So the new MD has margin, expense and products to reorganise.
Apparently one of the holders has finally sold off there shareholding so that may be a godsend.
Sonic
Ann: Mach7 Financial Results for the Year Ended 30 June 2017, page-2
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