You shouldn't be investing if you dont understand financial statements, and mislead others.
Growth has not slowed.
Delivered margins have been maintained (> 20%) so no material change in gross profit (i.e. revenue - cost of sales) percentage.
They have earned EBITDA of $6m, but spent a further $6m on brand investment and marketing.
(i.e. EBITDA could have been $12m if the marketing was maintained at the same % of prior periods)
They are spending this on brand investment for China, as well as to fuel further growth (with Farfetch going bankrupt) - as they should as a land grab.
This is a massive cash cow.
You shouldn't be investing if you dont understand financial...
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Last
$2.98 |
Change
-0.035(1.16%) |
Mkt cap ! $1.166B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.07 | $2.97 | $3.575M | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 32338 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 46333 | 78 |
View Market Depth
| Last trade - 15.50pm 06/05/2024 (20 minute delay) ? |
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Last
$2.97 |
Change
-0.035 ( 1.35 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.07 | $2.97 | 344796 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CTT (ASX) Chart |