What I love most is China net revenues for Q3, it’s up 185% on pcp to $5.7m from $2.0m. At this rate, China revenues will overtake the US in 12-18months imo.
Also bubs is comfortably meeting world demands and can shift manufacturing capacity up to 2 shift operation to meet increased demands and a third shift if required.
Back to China - Bubs China continued to demonstrate strong growth in Q3, with strong growth in our twochannels CBEC and Online to Offline (O2O). - Bubs has continued to successfully penetrate theOnline to Offline (O2O) Mother & Baby store channel where we now have distribution in 23provinces and 79 cities across China, particularly in the growing tier 2-4 cities. - With over 229 newO2O stores added in the quarter, this brings the total O2O stores selling Bubs’ products to over1200. - Our China go-to-market channel strategy focused on CBEC and O2O continues to deliverstrong, profitable growth with significant scope to grow our distribution footprint and brandedsales in the coming years
BUB Price at posting:
11.8¢ Sentiment: Buy Disclosure: Held
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