It was a poor quarter. Last year Lifx revenue for the March quarter was stated to be $8.2m.
On the 27 March BUD stated 'Bricks and mortar retail LIFX sales are currently down between 10% and 30% on the same period last year'. There must have been larger falls elsewhere.
Covid-19 may be the excuse, but they cannot afford poor quarters, no matter what the excuse.
I am not expecting good news on Monday.
BUD Price at posting:
1.0¢ Sentiment: None Disclosure: Held