Love it. Lots of companies at this stage have a cash loss, ie money going out is greater than coming in but once you have let the accountants have a once over they are considered to have a profit, BIG are the other way round, short term is probably bad as traders were expecting more and have not taken the time to understand the nuances of the numbers (I expected more but can't beleive the deferred revenue, WOW, money in the bank to play with but the tax man can't touch any of it until it is reported and beats having to send out debt collectors to collect for you). Long term this is amazing, imagine what the half yearly will look like, $5M from option conversion, another 2 quarters of good cash profits (also deferred to some extent) very healthy position for the company to be in.
Is there more news to come from the international business as this is a little light considering they highlighted it in their last revenue guidance, we shall see.
- Forums
- ASX - By Stock
- BIG
- News: BIG Big Un says FY revenue from ordinary activities $14 million
News: BIG Big Un says FY revenue from ordinary activities $14 million, page-18
-
-
- There are more pages in this discussion • 293 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 BIG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online