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25.0%

0.3¢ uuv aquabotix ltd

The figures on left are revenue and right are net profit/losses....

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Wuey72

2,204 Posts.

37

14/03/18

22:31

Post #: 31761037
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Originally posted by Nomadic_Investor ↑

These are the gross profit figures as opposed to revenue, right?

My concern was with the revenue coming in basically as low as it did back in 2014 (750k-odd vs 725k). Profits I can look past if they're introducing new tech and building up economies of scale that eats into their COGS, and net profit as well I can look past due to the costs you mention. But for the revenue to be so far down on last year, and indicating we've made little sales progress in 3 years despite all the distributorships and sales staff at hand, it's very concerning in my view. That said, not much to salvage selling at these levels, which is the only reason I hold.

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The figures on left are revenue and right are net profit/losses. I'm 99% sure it is correct but I will check that. I have packed the prospectus away.
The main problem I see is UUV haven't signed significant recurring/new contracts to ensure consistent revenue growth.
Definitely agree there is no point selling and continue to hold.

UUV Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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