UUV 25.0% 0.3¢ uuv aquabotix ltd

Ann: Board and Management Update, page-14

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  1. 2,204 Posts.
    lightbulb Created with Sketch. 37
    Went back to the prospectus and looked back at the previous three years revenue:
    2014 - $563,102 profit $138, 729
    2015 - $406,580 loss $121,950
    2016 - $825,496 profit $114,720
    2017 - $747,131 loss $4,559,159
    So revenue has been up and down. Hopefully the pattern continues with 2018 which should be up. Loss for 2017 was due to cost of IPO, administration, selling and general cost, and forex losses. Based on these numbers, I will give the company a benefit of doubt and continue to hold.
 
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