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
How did they do this?Spacetalk excluded 2022 Q4 UK, EU and USA...
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