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.
Ann: Q3FY20 Appendix 4C - Quarterly Report with Commentary, page-34
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