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2.6¢ zoono group limited

hoping for a huge quarterly update!!, page-9

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Tarvold

955 Posts.

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26/07/18

17:52

Post #: 34580908
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Originally posted by Gusman1974 ↑

Last sep quarter they claimed revenue over $1M with cash receipts less due to cash received for orders in prior periods.
Dec quarter once again claimed rev over $1M, operating profit around $400K and cash receipts of $237K (also shipping $900K of product early in the next quarter).
Last quarter they state cash due $850K, and cash received of $190K. Revenue recognised from RBCGO of $450K (when will the cash follow?) If cash receipts are less than $850K I would be very worried they are shipping product, anouncing that as revenue (with gross profit of 70%) but the product is not selling so no cash is being received. If anyone has other theories I am all ears!!

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They had a large amount of cash paid in advance of orders last year, this unwound during the last two quarters & they sold product on credit / pay when sold. This quarter should see larger cash receipts i agree.

ZNO Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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