Oh god, just more half-arsed, factually incorrect gumph masqueradeing as journalism. This time from Joseph Carbone from The Australian.
Acadia did not report ‘weaker net sales’ of Daybue. They are stronger than the previous quarter.
2Q US$84.6m compared to 1Q US75.9m.
Even if Daybue sales subsequently only hit the lower end of the revised full year guidance of US$340m - US$370m, the next two Qs will be at least US$90m each. Another increase in net sales.
Hit this minimum target and a very juicy milestone payment is in the bag. Too much negativity going on here.
Ann: Q2 2024 update, page-33
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