I think you've summed it up pretty well. Not only were marketing costs pruned savagely, staff and development/manufacturing costs were also trimmed. A cynic might suggest that this is a management team that badly wanted a positive operational cashflow figure, given recent sentiments about how businesses of this type would cope with rising interest rates.
It'll be interesting to see two things play out over the next couple of quarters:
1. Whether the cost reductions are a one-off, or a reset to a leaner operation.
2. In the latter case, whether revenue continues to grow rapidly due to the competitive moat/network effects/other buzzwords that the company enjoys.
If that does occur, anyone who's bought this at sub-50c (EV / revenue < 5) has snared a bargain.
- Forums
- ASX - By Stock
- ART
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ART (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $113.1M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 25.0¢ | $50.04K | 198.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1646 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 109224 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1646 | 0.250 |
4 | 126398 | 0.245 |
8 | 120585 | 0.240 |
1 | 9000 | 0.235 |
2 | 4400 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 109224 | 5 |
0.260 | 57669 | 16 |
0.265 | 5641 | 3 |
0.270 | 112648 | 9 |
0.275 | 17983 | 4 |
Last trade - 15.57pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
25.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
25.0¢ | 25.5¢ | 25.0¢ | 103524 | ||
Last updated 14.54pm 14/06/2024 ? |
Featured News
ART (ASX) Chart |