My estimates for Lifx, at the moment, show that break even is possible for that part of the business in FY20, if they can continue to grow at a fast pace and control their expenditure. The Buddy Platform part of the business looks like it needs a miracle to get to break even.
(The forecast below assumes the 10% tariff is removed and therefore the GP margin increases.) FYJun20: Revenue $80m, Gross profit margin 31%, Gross Profit $24.8m, Expenses $21.2m, EBITDA $3.6m.
BUD Price at posting:
6.4¢ Sentiment: None Disclosure: Held