So initially I thought this as well.
Note 11 'Goods in transit' ($99k in cost) would suggest this is not the case.
Maybe around $200k of revenue was 'in transit'.
That makes it a $700k miss still.
My take on this is that ANO paid up front in costs for materials/WIP, with revenue lagging. Causing the low cash flow.
This happens with all growing companies (on a side note - read 'Shoe Dog' where Phil Knight talks about the cash flow issue Nike had for years whilst it was growing).
I suspect the revenue forecast is under baked. All that is required are confirmation of more demand for an upgrade.
That explains the planned increase in capacity.
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So initially I thought this as well.Note 11 'Goods in transit'...
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.83M |
Open | High | Low | Value | Volume |
75.0¢ | 75.0¢ | 75.0¢ | $1.992K | 2.656K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 363 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.5¢ | 888 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 363 | 0.750 |
2 | 10024 | 0.730 |
1 | 42952 | 0.720 |
1 | 425 | 0.705 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.790 | 500 | 1 |
0.900 | 5000 | 1 |
0.950 | 5000 | 1 |
1.000 | 11450 | 2 |
0.000 | 0 | 0 |
Last trade - 13.33pm 20/09/2024 (20 minute delay) ? |
ANO (ASX) Chart |