"LIFX is targeting achieving profitable operations in CY2019 and the Company notes that unauditedrevenues and EBITDA for Q2FY19 were A$17M and A$284k respectively. Further, the so-called “TrumpTariff” imposed on Chinese manufactured goods imported into the USA (and which were only appliedto LIFX lights starting last September), accounted for nearly A$1M of EBITDA, and so accordingly,Q2FY19 would have been even more profitable for LIFX were it not for those tariffs."
This is worth reading if anyone missed. We don't know this extra tariff will stay for longer or not but it shows the capacity to generate earnings.
And don't forget $15M (CY18 - LiFX expenses) of staff expenses in admin/marketing/sales will get a haircut at some point due to overlap so more to the bottom line.
BUD Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
