Sales growth has certainly slowed.
There are 1,107,653,565 shares on issue giving a market cap of just under $43.2 mil @ 3.9 cents share price.
Just does not add up with revenue of only $6.5 mil..
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Sales growth has certainly slowed.
There are 1,107,653,565 shares on issue giving a market cap of just under $43.2 mil @ 3.9 cents share price.
Just does not add up with revenue of only $6.5 mil..
"The company will report its full year annual audited financial results by Monday 26 May 2017."
I just noticed that there is no Monday 26 May. Perhaps they mean Friday 26 May.
A plan that obviously should work is to take a very large pair of scissors to the expenses. That would instantly produce a respectable profit. The 2016 report talked of non-recurring costs that year, but that does not seem to have altered the outcome this year?
Another plan that should work is to change the objective. The reports constantly talk of growing revenue, and I would like them to start instead talking of growing profits. If you are aiming at growing revenue then of course you are going to spend money to achieve that aim. But if you are aiming at growing profits, the incentive would be the opposite.
A large pair of scissors to the expenses would be an excellent starting point.
Yeah Leon! Trim it down so they make a tiny profit and stop growing the revenue. Sticking with a tiny profit will be much better than growing Blis into a decent sized company with big profits. Maybe they can cut some staff? 20 odd people is clearly excessive! Trim the marketing budget? They spend far too much on that. And cut the support people out. Their customers and partners don't need support in launching new products. And cut the tiny budget in making their crappy website slightly less crappy. I'm with you pal no question! You should be in charge.