UUV 25.0% 0.3¢ uuv aquabotix ltd

Ann: Annual Report to shareholders, page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,705 Posts.
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    Atrocious results. In fact, insulting results.

    If I may draw a quote, with emphasis added:

    With the expansion of its distributor network, the change in the management team structure and the continued focus on the growth on revenues of the Group, proftability is anticipated to improve during the year ending 31 December 2018 as management focus on future earnings and other ways of expanding the business

    Continued focus on revenue growth? Great! So if it's continuing, why then is revenue down 32%?? All the dominoes had been lined up for them to boost revenue in 2017 as far as: distributorships, publicity, new products, big company interest and heck, even a natural disaster, which they could have - sorry, should have - been able to capitalise from. Heaven forbid if those two late orders from distributorships hadn't arrived late in the year!!

    That's not even looking at the huge loss in gross margins, and the expected surge in post listing costs, which I can stomach. If I had the effort, I'd even go back and look at the prospectus to gauge how this stacks up to years' prior, but I know I'll just be further disgusted.
    Last edited by Nomadic_Investor: 01/03/18
 
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Currently unlisted public company.

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