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  1. steve10
    4,872 Posts.
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    28/10/21
    21:52
    Post #: 57160190
    PBH had massive cashburn. Spent about $99M excluding acquisitions to make $72.4M revenue = - $26.5M.

    BET also had cashburn of $1.5M excluding acquisitions this quarter due to extra staff & admin costs with the Sportech team on board.

    PMOC has improved slightly this quarter from circa 68.5% to 70.9% so good to see margins maintained/improving following the acquisition.

    $21M + 10% QOQ growth = $23.1M x 70.9% = $16,377.9k compared to $14,862k this quarter = + $1,515.9k which will erase the $1.5M cashburn.


    BET Price at posting: $1.16 Sentiment: Buy Disclosure: Held
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