Thanks for your thoughts. I feel the same way at the moment. However, I don't think now is the time for them to lay off sales staff. It would be too disruptive at such a crucial time. I think they all need to work together to:
1. Ensure RECELL GO approval on 30 May and launch on 31 May (I still think sufficient work has been done here);
2. Educate and train the sales force in all things RECELL/GO, PermeaDerm, and reimbursement for both products (surely, this has happened / is happening);
3. Ensure they ramp up FY24 revenue to around $68M (at this stage, I don't care if revenue doesn't grow at 50% YoY to reach profitability in Q325);
4. Continue to focus on VAC approvals and train surgeons (73 new accounts in 3 quarters actually exceeded my expectations ~ for burns, it took 5-6 quarters albeit with less staff).
You're probably at least 4 steps ahead of me, but if they don't look like they'll succeed on steps 1-4 then hopefully we have a responsible board member that can find a buyer.
BTW, I liked your pony saying (another one I hadn't heard and had to search). It put a smile on my face during these crappy times.
- Forums
- ASX - By Stock
- Don't consider selling before profitability
Thanks for your thoughts. I feel the same way at the moment....
-
- There are more pages in this discussion • 49 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 AVH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.04 |
Change
-0.055(1.78%) |
Mkt cap ! $204.9M |
Open | High | Low | Value | Volume |
$3.00 | $3.04 | $2.98 | $381.8K | 127.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 103 | $3.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.04 | 2059 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 130 | 3.030 |
3 | 6278 | 3.020 |
3 | 3620 | 3.010 |
3 | 9253 | 3.000 |
2 | 28577 | 2.970 |
Price($) | Vol. | No. |
---|---|---|
3.040 | 2400 | 2 |
3.050 | 6793 | 4 |
3.060 | 6352 | 4 |
3.070 | 2564 | 1 |
3.080 | 1650 | 1 |
Last trade - 13.24pm 25/07/2024 (20 minute delay) ? |
Featured News
AVH (ASX) Chart |