Redflow NEWS & EVENTS, page-1534

Per the Q2 FY24 update management expects H1 FY24 to result in a loss of approximately $14 million, resulting from lower-than-expected customer revenue arising from the supply issues noted in the Q2 FY 24 update to cover fixed costs, and non-cash adjustments to balance sheet items, specifically increasing warranty provisions. Net assets as at 31 December 2023
are expected to be $6.5 million (versus $9.1 million as at 30 June 2023). The final audited H1
FY24 results will be released in late February.
Per the Q2 FY 24 report, Redflow is refining its strategic 4-year Path to Profitability Plan and intends to release it in mid-March





I found this upsetting for Redflow.


$14 million dollars