You could read the last 12 quarterly reports and make the same assumption. It’s getting the building blocks to grow. However I am starting to think this could be the stock that just never lives up to expectation.
what were the sales incentive payments made as wages that added to the staff costs this Q? Assume bonuses etc, however last financial year wages and costs were 5.7m and revenue received was 8.7m compared to (8.3m fy22) If a company only increases revenue by 400k for a year however wages increase by 500k this quarter because of staff incentives for revenue targets
”The material increase in staff costs on Q1 FY24 (44%) is primarily due to payment timings. In Q2 FY24,there was an additional payroll plus payment of FY23 sales incentives.”
to me, the company has spent a fortune on building the company so it can handle growth, this issue is it now needs to actually grow or it will suffocate itself in costs. time will tell
CCA Price at posting:
5.9¢ Sentiment: None Disclosure: Held
