Actually if you can get the TARDIS to pee on a stick, we can tell you if it's ok or not. I wouldn't be touching it with a bargepole until it tests ok.
Results day ?!?!? 😂
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Actually if you can get the TARDIS to pee on a stick, we can tell you if it's ok or not. I wouldn't be touching it with a bargepole until it tests ok.
Results day ?!?!? 😂
It's been posted. About what I expected
https://www.nzx.com/companies/PEB/announcements/283037
Revenue $4.98m
Loss $15.45m
Cash $24.16m
So revenues better than expected but losses even more so, resulting in lower cash at balance date.
Big red flag : sales increased by $3m but receivables increased by $3.4m !!!!!!
(basically, still giving the stuff away).
So David says - Our commercial journey is still in its infancy
Suppose that means $100m in 10 years now - yes?
But achieved his successful commercialisation ambition - at least he has taken it to market. Profit not on the agenda
So they need $95m revenue in 2 years that's some hockey stick.
t_j its good to see revenues rising at faster rate than expenses. You said they would
All honky dory then
>$1.8m 180 days or more. I would assume the sector they sell into is not short of money. Why have they let this amount of money build up?
Looking further at the cashflow statements they could be losing more than $1m (reduction in revenue) in bad debts or bascially customers not paying.