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 • 47 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
$2.70 |
Change
-0.010(0.37%) |
Mkt cap ! $167.8M |
Open | High | Low | Value | Volume |
$2.73 | $2.74 | $2.68 | $913.8K | 336.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3704 | $2.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.70 | 10305 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3704 | 2.690 |
4 | 11508 | 2.680 |
4 | 7578 | 2.670 |
2 | 852 | 2.660 |
3 | 3375 | 2.650 |
Price($) | Vol. | No. |
---|---|---|
2.700 | 10305 | 2 |
2.710 | 20118 | 3 |
2.720 | 24650 | 3 |
2.730 | 10000 | 1 |
2.740 | 10000 | 1 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
$2.71 |
  |
Change
-0.010 ( 0.90 %) |
|||
Open | High | Low | Volume | ||
$2.73 | $2.74 | $2.68 | 11334 | ||
Last updated 15.59pm 10/05/2024 ? |
Featured News
AVH (ASX) Chart |