What a week, the share price performance is terrible! My seatbelt's strapped and I'm ready for the ride I think the business model is sound if they stay focused on reducing overheads and increasing revenue while sitting tight on expansion this could start it's turnaround.
They projected $1m in cost savings across marketing, staff and projects and other costs for FY19. I'm confident they'' beat Veritas's projection of $14.4m revenue, they made $13.8 FY18, which was 16% increase on FY17, so if we say 10% increase (I'm hopeful) then that's $15m, so hopefully they can do better than $200k.
I'm looking forward to the half year, but will be sitting tight to Fin year results for 2020.
Thanks for the screenshots.
IDZ Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
I think the business model is sound if they stay focused on reducing overheads and increasing revenue while sitting tight on expansion this could start it's turnaround.
