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
Per the Q2 FY24 update management expects H1 FY24 to result in a...
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Last
11.3¢ |
Change
0.003(2.27%) |
Mkt cap ! $24.89M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 10.5¢ | $44.05K | 404.6K |
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| No. | Vol. | Price($) |
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| 1 | 143700 | 11.0¢ |
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| Price($) | Vol. | No. |
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| 11.5¢ | 694448 | 12 |
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| Last trade - 12.36pm 02/05/2024 (20 minute delay) ? |
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| Last updated 10.58am 02/05/2024 ? | |||||
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