Not including the $450k from the legal settlement, March Quarter 2023 results shows the real picture at YPB. Receipts for the quarter were $329k, taking away the $250k from the court action, this means overall revenue receipts were $79k. Where is the $30k first downpayment from Pull-tab Systems LLC which was to have been paid in this quarter just ended? If it is included in the $79k, then for the quarter, their traditional and core sales only contributed $49k for the quarter (way down on the December 2022 quarter).
To say that the March quarter net cash usage was only -$124k is misleading. The $450k from the court action is non-recurring and in actual fact outgoings for the quarter were $667k and this is a more true reflection of YPB's operating costs. Whether YPB's revenue is taken as $79k or $49k, it shows that their authentication and brand connect product is not selling and being taken up by the market.
The $1.1m of funds available will not last the 17.1 quarters reported in their 4C announcement and it is more like 1.5 quarters at a time when their pull-tab and NVISO projects will be severely cash flow negative.
Unlike what has been reported in the quarterly 4C announcement, there is nothing positive at all to say about YPB.
- Forums
- ASX - By Stock
- YPB
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
- There are more pages in this discussion • 6 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 YPB (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.424M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 19311498 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 6923315 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 19311498 | 0.002 |
48 | 117953643 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 6923315 | 14 |
0.004 | 2783957 | 10 |
0.005 | 2526859 | 9 |
0.006 | 1559750 | 2 |
0.007 | 250000 | 1 |
Last trade - 10.09am 28/05/2024 (20 minute delay) ? |
Featured News
YPB (ASX) Chart |
Day chart unavailable