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0.8¢ harris technology group limited

New record YTD revenue up 209%, page-58

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Gusman1974

2,512 Posts.

172

22/07/21

17:41

Post #: 54700028
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Originally posted by $tockfella: ↑

Great discussion regarding profits. That said, this is an early stage growth company. Revenues are key in growth stage, as any positive cashflow or profits are reinvested back for growth initiatives. Such as inventory, appointments, warehouse premises. Key figure here is Revenue, with profit playing a more prominent role when the company's model and revenues mature further.

Not sure if profit is their aim right now. Personally, I hope not. I want to see them aggressively expanding their revenues, presence, brand, and product categories.

Expand

I personally believe that in the short term they should try and show the business model is profitable. Once that is shown they are in a lot stronger position to ask the market for further investment into aggressive expansion. Rather than the the usual for ASX companies of this size and smaller that are constantly asking the market for capital to stay afloat and pay managements salaries.

HT8 Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $2.393M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$1.201K	150.1K

Buyers (Bids)

No.	Vol.	Price($)
1	99900	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	322000	1

View Market Depth

No.	Vol.	Price($)
1	99900	0.008
9	1411000	0.007
2	740000	0.006
1	300000	0.005
1	500000	0.001

Price($)	Vol.	No.
0.009	322000	1
0.010	392291	3
0.012	1355793	3
0.015	3556	1
0.017	876500	3

Last trade - 10.04am 04/06/2024 (20 minute delay)

HT8 (ASX) Chart