This is the last month/quarter which adds up to their full year financials which will be audited so it's important they get it right. I suspect they won't want to announce results which are then adjusted post-audit.
It's hard to say how December will finish up. They had a $1.5m loss in October and a $200k profit in November which shows a good trajectory.
Although the small November profit was great, there's a risk that bad debts from increased BFCM sales in Nov could become apparent in December and Jan, probably around now, given the typical 6 week payment plan. Bad debts will be crucial and were almost $20m in the December 2021 quarter.
Imo the poor market reaction to the maiden profit was probably a result of knowing that the "real" outcome for November would not be certain until later once the actual recovery of receivables/ customer receipts is known.
SZL Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
