Good call Fangk, point taken.
A loss of NZ$1-3M NZ with cash reserves of NZ$30M is really not significant (in my view) with a 80%+ GM. In particular when they are spending so much on Selling and R&D which is more than the GM (extract below) resulting in negative earnings. So, question is will Sales hold up if they had less sales force or will they acheive more $/head sales with existing team with the same / new products? That would definitely turn the company profitable.
Besides that, I can't really find any reasons for negativity. Bit stumped on the price action for a long period of time now.
I dont really understand the BOT's and technicals but all I can see the volume / trade is very small and the company valuation is getting hammered as a result. And no broker / small-micro cap fund managerseems to cover this stock of recent times. Still buying but I am wondering what I am missing. Hmmmm.....
Sept 23 report
Normalised operating expenses
Selling and administrative expenses of NZ$27.5 million for the half-year were up 38%, compared to
H1 FY23 (NZ$19.9 million). On a constant currency basis, selling and administrative expenses were
up 36%, primarily reflecting increases to sales team headcount, increases in variable sales
compensation and increased clinical development activities.
Research and development expenses for the half-year of NZ$5.1 million were down 15%, compared
to H1 FY23, primarily reflecting the capitalisation of NZ$0.6 million in research in development costs
during H1 FY24 (H1 FY23 NZ$nil).
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Good call Fangk, point taken. A loss of NZ$1-3M NZ with cash...
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Last
63.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $216.8M |
Open | High | Low | Value | Volume |
62.0¢ | 63.0¢ | 62.0¢ | $40.64K | 64.81K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 36978 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.0¢ | 4 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 36978 | 0.620 |
3 | 8523 | 0.610 |
2 | 1075 | 0.605 |
8 | 40984 | 0.600 |
1 | 5364 | 0.595 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 4 | 1 |
0.645 | 3507 | 1 |
0.650 | 13988 | 4 |
0.655 | 12000 | 1 |
0.660 | 10978 | 4 |
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