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I’m pretty sure the impairment is writing off the goodwill...

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45 Posts.

61

31/08/22

19:53

Post #: 63444766
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Originally posted by Kelvestor: ↑

Loss before income tax = -$3.4 million
add back: share based payments: $1.3 million
add back: impairment expense: $1.36 million
= $700k of losses

Take -$0.7m / $9.656m of revenue = -7% profit margin. The cash burn situation isn't that bad.

But does anyone know why there is a huge impairment expense?

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I’m pretty sure the impairment is writing off the goodwill accrued from the Airovant acquisition. As the corresponding intangible asset is gone.
Probably done for tax efficiency.

3DP Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.0¢		Change -0.001(2.44%)		Mkt cap ! $32.20M

Open	High	Low	Value	Volume
4.2¢	4.3¢	4.0¢	$31.24K	768.7K

Buyers (Bids)

No.	Vol.	Price($)
1	5593	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	951571	1

View Market Depth

No.	Vol.	Price($)
1	5593	0.040
2	280050	0.039
3	166315	0.038
1	100000	0.037
4	350300	0.036

Price($)	Vol.	No.
0.041	951571	1
0.042	971262	1
0.046	13500	1
0.047	5505	1
0.051	102040	1

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