It's certainly good to see. I'm not a BUB holder but happy for them to see some of these results, for instance that they are cash flow positive.
I am a bit cautious to draw too direct a correlation with A2M though. People need to understand that the actual BUB sales figures are orders of magnitude below A2M and so the growth percentages are coming off a very low base. For all of these channel-specific % increases reported by BUB, they do not state actual $$$ amounts. Overall group revenue for Q1 was $18.5M which is an entirely different scale to A2M.
Goat formula is also still a kind of relatively new product niche that is only just taking off in China.
Not to take away from the positives though, the headline should still be that the trend is going in the right direction.
It's certainly good to see. I'm not a BUB holder but happy for...
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$6.58 |
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