I should add that my take on the report was that I purchased more BIGO yesterday. Panic selling by those who don't understand, or the pros being in control.
People who are trying to reconcile a NPAT loss with the Cash surplus figures from the 4C announcements wil be at it for ages. The NPAT figures include a number of NON cash items. For example you can look at depreciation and also some provisions.
The margin is expanding. We reported yearly revenue of just under $14m. We have deferred $9m to this FY and have already forecast a minimum of $12.5m for the current quarter.
I can't work out why people would be selling. The story is getting better by the day.
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