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20.5%

$4.38 redbubble limited

big drop why, page-12

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Alex999

3,827 Posts.

79

25/04/18

15:10

Post #: 32675893
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Originally posted by tomhagen ↑

It's a miss.

22-Feb
Redbubble continues to be well positioned to achieve top line constant currency growth rates consistent with those achieved in FY2017 and remains confident of meeting its previous guidance of moving into ongoing Operating EBITDA profitability late in FY2018 (emphasis mine)

24-Apr
Looking forward to FY2019, Operating EBITDA profitability is expected on the basis of the current trends in the core business metrics. (emphasis mine)

Management needs to do a much better job at being clear on the timeline for "Operating EBITDA profitability". Rather than giving vague "trend" numbers. FY18, CY18, FY19, CY19?

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Business model depends on exploiting copyright without paying royalties - can only push it so far.

RBL Price at posting: $1.48 Sentiment: None Disclosure: Not Held
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0 Great analysis

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