On 6 Feb 2019 the BUD CEO stated:
LIFX is targeting achieving profitable operations in CY2019 and the Company notes that unaudited revenues and EBITDA for Q2FY19 were A$17M and A$284k respectively. Further, the so-called “Trump Tariff” imposed on Chinese manufactured goods imported into the USA (and which were only applied to LIFX lights starting last September), accounted for nearly A$1M of EBITDA, and so accordingly, Q2FY19 would have been even more profitable for LIFX were it not for those tariffs.
Blaming former Lifx management seems like BS.
Lifx: CY2018 4th Quarter: A$17M Net Revenue and A$284k EBITDA
BUD: CY2019 4th Quarter: A$13.3M Net Revenue and negative A$1.1M EBITDA.
BUD's losses for the 6 months to the end of 31 Dec 2019 will be more than twice Lifx losses for the 12 months ended 31 Dec 2018.
On 6 Feb 2019 the BUD CEO stated:LIFX is targeting achieving...
-
- There are more pages in this discussion • 112 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)