Well that is good, excluding the black hole the Olympics sponsorship cost, yeah I get it was a good will move to expand the ecosystem. But when you're distributing through a 3rd party model, not too sure ofthe need for it, when you can grow through social just as effectively.
We could have had a sub 500k loss for the quarter and ended up in profit for the financial year, but a 5.5m loss is not something this company is going to be able to crawl above for the year. It feels like cutting the nose off to spite the face in a results driven share market.
Still like the company, but they have set themselves back another year and capped the share price somewhat in my opinion, fy2022 should have been their first profitable year.
There will at least be top up opportunities over the next 12 months.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)