WNB Q4 FY20 APPENDIX 4C & COMMENTARY
Highlights:
- Positive operating cashflow in challenging COVID-19 trading environment (Q4’20: positive cashflow of $0.27M vs Q3’20 negative cashflows of $2.125M)
- Human resource restructure and operational expenditure savings deliver significant cost reductions
- Strengthened balance sheet with $1.5M cash equity raising, the conversion of $1.4M convertible notes, and a 16-month extension of $1.6M of convertible notes with redemption date now October 2021
- MICRO19 JV license agreement established - with strong future sales pipeline
- Immersion Clinical Spa network closed in COVID impacted environment. Options to extract value being explored
- New sales channels and expanding distribution support growth in FY21
- Jbronze to be sold in 800 Coles stores from mid-August. Forecast annualised FY21 sales of $2M+
- $1.7M in purchase orders for ELLE & MICRO19 ranges in Asia via new distributor
- Forums
- ASX - By Stock
- Ann: WNB June 2020 Appendix 4C & Commentary
WNB Q4 FY20 APPENDIX 4C & COMMENTARYHighlights:Positive...
-
- There are more pages in this discussion • 174 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HRO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online