Australia's largest stock trading and investment forum Australia's #1 stock forum

SPX

7.69%

1.2¢ spenda limited

Income Minus Expenses = Profit?, page-2

First 2 Last

Share
Profile

Follow
PRD2427

2,056 Posts.

455

13/06/21

16:46

Post #: 53821393
Share

Originally posted by majc001: ↑

I was comparing the old quarterly to this quarterly and I noticed some very disturbing trends;

1. Staff costs went up by $27K or 46% of the increased revenue
2. Advertising by ($59K) 101% of the increased revenue
3. administration and corporate costs by ($125K) 215% of revenue increase

Income moved just 58K from the last quarterly

Unless the company lives within its means it will be forever chasing its tail. If income increases x% then all other expenses can only move at a maximum of this amount but hopefully a lot less. Overall for the current quarter CRO made $294K in income yet spent $1M in expenses. And the increase of expenses accounted for ... $233K or 401% of the increase in revenue. If something is not done about this urgently it is going to be perpetual, with zero accountability for poor business practices. Cut expenses not grow them please. Also, has someone seen how much 'revenue' Appstablishment is going to bring in? The whole market is tiny and getting smaller, very similar to the web development sector which has all but burned now. Developers in India our cutting our lunch here with smart developers. Doesn't seem to make any sense to me. Anyone else has a thought? I assume Appstablishment costs are in admin and corporate costs somewhere?

Expand

Seems like your president of the do less with less club.

Seriously CRO is a growing business and with growing costs as I would expect.

You should take the time to read back through the many threads and educate yourself.

I'm not doing it for you.

CRO Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
43 Upvote

7 Great analysis

Reply

Top Stories

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

What's causing the cost-of-living crisis, and how to navigate it

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

M4M

Macro, Norden set up transport solutions initiative for West Pilbara