THIS STOCK IS A BUY...
- Sept 2019 CLB pivot from B2C (subscription) to B2B (wholesale)
- They are now doing double the revenue in this channel that they do in B2C
- They have a huge roll out to both shops (bricks and mortar) through dept store and online boutiques - corona working both ways for them
- targeting 15k shops this year... that's doubling shops in 6 months...
- Sales in Q3 (just posted) are seasonally weak - no holidays - Revenue up 150% on PCP thats your comp
- October guide in B2C is now 1.5m this is just shy of the whole Q3... CHRISTMAS/THANKSGIVING YET TO COME
- Margin is expanding ~2.5% a year - this will continue with scale
THIS STOCK IS A BUY... Sept 2019 CLB pivot from B2C...
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Last
$1.10 |
Change
0.000(0.00%) |
Mkt cap ! $4.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CLB (ASX) Chart |
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