Excellent result indeed.
I am OK with high advertising and marketing in early stages of market penetration provided its working which in EZZ case, it certainly is.
Once the brand sticks and a customer base is built, these expenses in theory should come down.
If this continues, as another poster said, we are likely a ~$10M CF generating business with a market cap of sub $50M! Lots of upside left in the share price.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8
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Last
$1.85 |
Change
0.255(16.0%) |
Mkt cap ! $81.94M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.85 | $1.63 | $372.5K | 214.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 1056 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EZZ (ASX) Chart |