Hard to know what to think at this stage.
Excluding Visionflex $285k the result for 1st is ordinary.
Visionflex annual revenue for FY21 was $2.27m.
$285k for 14 days would be excellent if it reflected as an annual figure of $7.4m. However as it is hardware sales we have no real idea.
Visionflex had operating costs of $4.1m for FY21.
What we do not know is what savings in overheads will be achieved as a result of combining the operations.
Also what increase in revenue will be derived by combining the businesses?
As a positive Visionflex’s Telehealth services must be in demand at the moment due to COVID.
We need to wait for next update to see where the business really sits. Or maybe an increase in share price based on insider buying.
Without Visionflex the game would be all over. My sense is that the skills and experience that Visionflex brings may turn this around. Maybe change of CEO would also be a positive.
Hard to know what to think at this stage.Excluding Visionflex...
Add VFX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.502M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 11024846 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 991953 | 2 |
View Market Depth
| Last trade - 16.12pm 14/06/2024 (20 minute delay) ? |
| VFX (ASX) Chart |
Day chart unavailable