How did they do this?
Spacetalk excluded 2022 Q4 UK, EU and USA wearables 2022 revenue, a total of $1m ($0.5m + $0.5m) to make their 2023 Q4 look like 22% growth.
Look for the little FOOTNOTE [2] buried in the announcement (I have highlighted this for you)
The real results was a decline of 17%.
2022 Q4 Revenue $4.1m (ASX Announcement July 25, 2022)
2023 Q4 Revenue $3.4m (ASX Announcement July 2023)
Revenue declined 17%, (and did not grow by 22% as reported).
OUCH!
Talk about deliberately misleading shareholders.
See Below...
2022
Q4 Revenue DECLINED 17%, did not grow by 22% as reported.
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
