australiasydney
You need to revisit the announcement. The company might revert back to the advertising costs of old (ie $1.6 M) but it will not revert back to the revenue of old! Just look at the year-on-year; record quarter of $12.1M1 for Q1FY22, a 195% increase on Q1FY21 ($4.1M). There was an increase of 25% in revenue in just the last quarter. If that is extrapolated for future quarters then the reversion to previous advertising costs will appear insignificant. For example, a 25% increase in Q2 will mean revenue of $15+ million - and exponential growth going forward. I fully expect Q2 revenue to be well in excess of $15 million given the acquisition of the car finance business. Time will tell. In my opinion this is a great Quarterly that demonstrates the company is in a steady growth phase - steady as she goes! GLTAH.
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2.6¢ |
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Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
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