All is quiet. We are getting closer to the end of sales for the first 6 months of 2016. Wonder if we are ahead or marginally behind projected sales. :)
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All is quiet. We are getting closer to the end of sales for the first 6 months of 2016. Wonder if we are ahead or marginally behind projected sales. :)
But wait there is more.... this from the recent 'independent report' by Eastbourne Advisory Ltd.
"After 15 years as a listed entity, Blis appears to have crossed the Rubicon on its pathtowards profitability. At its AGM “the company said it “has reached a critical point where the revenue being generated allows it to cover its basic cost structure” and that “the strong sales growth being experienced reflects growing acceptance of the underlying science of Blis products, particularly in the US, Europe and Japan”.
Why we like the story is that probiotic, sore throat and supplement markets are in growth mode, Blis revenues are showing growth well in excess of market growth and the company has regulatory acceptance in most major markets. The business also has high gross margins, in the sector it operates, there are few probiotic competitors, antibiotic competitors are seeing increases in bacterial resistance and anew branded strategy to us looks like the right path to take. Further, recent revenue surprises have all been positive. "
So all looks fine.... except one wonders why bother with an 'independent report?' Maybe Apathy is right.
News Release
For immediate release
September 22, 2016
Blis Technologies Wins Two Awards in Deloitte Fast 50
NZX-listed Blis Technologies Limited last night received two Otago Southland awards in the Deloitte Fast 50 at an event in Dunedin last night. Fast 50 takes place in 32 countries around the world, and the Deloitte Fast 50 ranks and celebrates fast-growing companies.
Blis won the awards for Fastest Growing Exporter and Fastest Growing Mature Business and was confirmed as one of the national Fast 50 companies.
CEO Brian Watson said the awards were due to a lot of hard work from a lot of people.
“We have been focusing on improving systems, concentrating effort in specific offshore markets and developing a solid strategy especially related to our finished goods. It takes time and teamwork and these awards help remind us that the work we are doing creates results.”
In the last three years Blis has grown revenue by over 100 percent each year, going from a turnover of $NZ1.3 million in FY2014 to a $NZ5.6 million in FY2016.
“Our guidance to the market for FY2017 is for a trading revenue in excess of $NZ8 million and to deliver a net profit before tax in excess of $0.7m.”
It won those awards for the Dunedin and lower South Island sector, which makes it sound a bit limited. In fact, however, the main point is that Blis is one of the top 50 fastest growing companies in NZ by revenue.
"The Fast 50 index ranks the top 50 businesses in New Zealand according to their revenue growth over the past three years." http://www.stuff.co.nz/business/8449...ners-announced
Well deserved after very much hard work. And obviously we hope it reappears in the awards every year for some time now!!