Same here. I think they absolutely hit it out the park with the revenue growth but they're spending 70% of revenue on marketing which is very high and means they barely break even. However, it's dangerous to extrapolate these things from one quarter. Hopefully the marketing is somewhat of an investment where it yields results in future quarters as well i.e. it's establishing their brand. I think that's the key risk with EZZ - that customers are only buying at the one off sales/influencer events online and when these aren't happening, buying is negligible. I think the move to have EZZ stocked at AU pharmacies will prove to be a good one and hopefully lead to sales without marketing spend.
EZZ Price at posting:
$3.55 Sentiment: Hold Disclosure: Held
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