On 6 Feb 2019 the BUD CEO stated:LIFX is targeting achieving...

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.