I thought management would be in the office today regardless of...

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Shep1966

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01/02/21

11:30

Post #: 50601555
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Originally posted by dribiwik: ↑

I emailed the CFO regarding the most recent quarterlies and how different metrics are used and asked about 'lumpiness' of figures. He replied even though it is Anniversary day holiday in Auckland today.
Regarding different metrics used he said " both are key metrics for the business and orders show that the business is growing." and "The business is focused on obtaining sizeable orders and Q2 from an order book was larger than Q1, which will translate into Q3 revenue."
He said there can be a delay with shipping products which can delay recording of revenue as well as other reasons. As stated they have inventory spread at strategic locations around the world. But this needs bottling and labelling before it can be shipped as finished product.
There is nothing to suggest that FY21 revenue will not exceed last years.
It was also noted that "Q2 orders are ramping up which is a great sign for the company".

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I thought management would be in the office today regardless of Anniversary Day addressing the share price decline, lack of transparency in the 4C and preparing a Quarterly Conference call to provide clarity around the translation of revenue to sales, invoiced sales etc. That's right we do not communicate to the market or investors. Sign of weak board and management.

ZNO Price at posting: 91.5¢ Sentiment: Hold Disclosure: Held
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