Axon financial indicators should be what I would call "inverted'.
In normal accounting parlance, when debtors and inventories go up (June accounts) its a bad sign.
But in the light of booming sales and tooling up for a new expensive product release, for which they already had numerous preorders evidenced by the announcements regarding strong interest in the product, these turn into positive indicators.
The retirement of their President is also an "inverted" indicator. Normally a negative sign...but did anyone see what age he was? 61. He wanted to get out at age 60 but as axon was in a loss making year, (first ever), he couldn't. Had to stay on until the company had well and truely turned around. So what does this say for the current performance of the company if he is getting out now?
