I’m predicting a 5c open Monday is achievable imo.
Have a nice weekend everyone and let’s dream big with this monster Jat growth.
— Highlights
• Jatcorp achieved a quarterly revenue of approximately $29.5m(unaudited) and net loss was approximately $1.86m (unaudited) for the June quarter.•
Total revenue for the June quarter was $29.5m (unaudited), compared with $11.3m in the March quarter, a 161% increase ($9.86m in prior corresponding period (pcp), an increase of 199%), due to high performance for international trading and product sales overseas.
• Gross profit for the June quarter was $3.8m (unaudited), compared with $4.05m in the March quarter, a 6.2% decrease ($1.7m in pcp, an increase of 123.5%).
• Net loss for the June quarter was $1.86m (unaudited), due to write off of inventory, higher marketing expense for Moroka’s promotion and professional fees for legal proceedings.• Net cash used in operating activities for the June quarter was $690K (unaudited
JAT Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)