no dramatic growth
Printable View
This is a company that has a product I really believe in but has repeatedly failed to deliver. They have become more professional and organised in recent years but they are a lot better at the technical/product side of things than the marketing and management.
I will hang in there for now...
Is this a disappointing result for some? Interested to see what people's expectations of today were
Performance Overview.
I am pleased to report that 2020 saw Blis continue to deliver against the objectiveof producing sustainable profitable growth.
Our revenues were up 29% for the year, providing a 33% CAGR over the last 5years and our EBITDA of $2.1m was up 130% on last year.
Sorry, left off the below for the quarter**
Unaudited results for the quarter ending 30 June 2020
Total revenue for the quarter $ 2.9m (Q1 FY21). ($2.7m for Q1 FY20)
EBITDA surplus $ 0.4m ($0.5m for Q1 FY20)
No dramatic growth and no plans for dividend. Didn't know what I expected.
We all knew the 2020 results. The key for many was the Q1 results which were rather flat.
The question remains though, how does the impact of Covid affect this number? Should it be increasing demand? Or do people purchase less with more people being made redundant etc.
Personally, I find the Amazon and TMall (China) aspect VERY interesting. Alibaba/China offer a massive opportunity.
I've sold 80% but will keep an eye on them
Was expecting a double digit growth for the quarter of at least 25-30%, instead they've grown in single digits. Hopefully they can pick up growth soon, until then happy to watch from sidelines.