I do not think that comparing a high growth business like Lifx to Beacon (more than 50 years old) is a good comparison. Trumps tariff's will make it difficult but revenue of $70m in CY19 and Lifx could be profitable.
In my opinion the biggest problem for Buddy is the expenditure on the Ohm side of the business. They cannot afford to keep burning more than $3m per quarter. So far Ohm has only generated modest revenue so what is the point of the high expenditure ? It is time to right size the business.
Beacon is a retailer of Lifx products so I hope they do well.
Beacon is the home of Smart Lighting:
https://www.beaconlighting.com.au/smart-lighting
BUD-LifX The Future, page-58
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