FOS 0.00% 27.0¢ fos capital ltd

I always believed in the FOS business and overall story and...

  1. 852 Posts.
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    I always believed in the FOS business and overall story and hence invested in IPO. Today's updates have consolidated and regained confidence to all investors. Pretty impressive progress and will be a valuable company for coming years. Already profitable and all key metrics are growing more than expectations from prospectus.

    Highlights of FY21
    • Sales increased 47%, to $8.1 million
    • Profit before tax (excluding IPO costs) approximately $1 million
    • Order book increased 164%, to $3.8 million
    • Active quotes increased 147%, to $42million
    • Employee numbers rose 92%, to 50, including five new senior sales executives
    • Completed the JSB restructure, and its integration into FOS
    • Reduced the JSB cost base by $2.2 million
    • Cash position at 30 June was $3 million
    • Appointed the exclusive distributor of Pixon Technology X series LED Display screens
 
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