As we await the December quarter 2021 4C I believe it is worth noting the comments made in the 2020 December quarter 4C (when the SP was 5 cents):
"Netlinkz is incredibly proud of the CY 2020 result. We have a great product, for which there are significant growing market opportunities, and a focused go-to-market strategy. The next 12 months are about scaling sales in the highest-leverage markets in a capital-light manner".
Well, that sounds fabulous. There is even a suggestion in the BUSINESS FOCUS AND STRATEGY that cash-flow break-even is in their sights.
Since then, the March 2021 quarter was down $130,000 on the same quarter 2020.
The June quarter 2021 was down $1,394,000 on the same quarter 2020.
The September quarter 2021 was down $1,026,000 on the same quarter 2020.
Oh, and just in case no-one noticed, the SP is less than 2.0 cents and has been down to 1.5 cents.
So, WTF?
11 days until they have to reveal the December quarter 2021 results. Given the almost perfect silence recently, it is easy to think they are flat out creating the next fabulously worded marketing statement, to distract from what will no doubt be yet another disappointing set of figures (IMO).
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- December quarter 2020 - quote from JT
December quarter 2020 - quote from JT
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