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On the basis of 2022 FY, it will be quite a while just to break even. Based just on SlimBiome etc. Roughly 50% gross profit. And £2.75m admin costs. This ignores 20% reduction in (some?) salaries. And any accounting for stake in SBTX, PBX. And the ever elusive SweetBiotix.
SOH has talked about £7m revenue in Y5 from India deal, in RNS from Feb. And some large % increases to sales online (from low bases?). And some apparently good orders in tonnages. But I don't see FY 23 being anything other than £1m plus operating loss.
We live in hope of Sweets.
Given Optis past History and the current info we have, what is your gut feeling for Optis chance of sustained profitability, disregarding a potential blockbuster tie up with Kellogs, Coca Cola etc. Thanks
Opti online was never off on firefox but optibiotix.com is still unaccessible even after clearing my cache files
mol
Fyi. optibiotix.online & .com are both up again.
Mol, let's nail the myth that the placing for just £1.3M gross was to keep the lights on, it was to:
"The net proceeds of the Fundraise will be utilised to invest in driving sales growth by:-
1. active account management of existing partners by co-investing in publicity, marketing, and promotions to increase sales;
2. increased presence of the Company's stands at major exhibitions to attract new partners, particularly in the USA and India to mitigate dependency on a small number of partners;
3. investing in marketing the Company's products to grow sales on e-commerce platforms in India, China, USA, Europe, and the Gulf States; and
4. launch its second generation SweetBiotix and MicroBiome Modulator products."
Note with regards point 3, we have subsequently been informed that "The Company intends to promote heavily on TikTok and Tmall in March and April 2024 with new stock and hope to have a clearer picture of likely regular monthly sales going forward after this period. A TikTok channel has been established in the UK with a view to emulating the success obtained with TikTok China. The Company's Amazon Europe sales channel is now active and the Company is working on ways to deliver products through Amazon Prime. The aim is to launch product on Amazon UAE in late Q1 2024 and Amazon India in early Q2 2024." Consequently, as the UK TikTok site has only just been established, give it time eh after all the TikTok site in China resulted in "E-commerce sales for 2023 were 287% up on 2022 driven by strong growth in China of gummies and large increases in Amazon Prime subscriptions. This progress led the consumer health business to profitability in October and November 2023. Gummy supply and sales in China vary between £20,000 to £50,000 per month partially moderated by stock availability and the Chinese New Year"
That said SOH really does not help himself by cherry picking figures and using them out of context. His statement that "In addition to founding and developing three companies, OptioBiotix layered its development portfolio by creating first generation products (principally SlimBiome® and subsequently WellBiome® in prebiotics and LPLDL® in probiotics) of relatively moderate development risk using existing science, whilst in parallel developing more innovative second-generation products (SweetBiotix®, MicroBiome Modulators) that offer the potential for larger future returns. This strategy allowed the Company to achieve combined revenues of £2.2m in 2021 with both the probiotic (now ProBiotix Health plc) and prebiotic trading businesses being EBITDA profitable in both years. " fails to recognise that the figures were artificially inflated because of Covid overstocking that led to the dreadful figures in 2022 where partners ran down their stocks instead of ordering more. If SOH wants to make a go of first gen products he needs to win over big Customers such as kelloggs which should not prove insurmountable given the obesity rates ar
Mol42 - same with Google Chrome just now - optiobiotix.com is STILL down. Anyone know who to notify about this?:
This site can’t be reached
optibiotix.com took too long to respond.
Running Windows Network Diagnostics
ERR_CONNECTION_TIMED_OUT
Not that he will care Mol but it's a real warning sign that someone with your deep knowledge of the company is on the verge of throwing it in.
As opposed to tick tock
https://www.tiktok.com/@optibiotix
i'm no expert re tiktok/instagram/facebook etc
but the numbers following etc the above are pathetic after all this time
and i cannot access the optibiotix website on firefox since my return from holiday
The page you are trying to view cannot be shown because the authenticity of the received data could not be verified.
Please contact the web site owners to inform them of this problem.
nothing on boots either
jees some things never change with opti
as i have previously noted - i'm giving him to end of this year - at the latest - tick tock
mind not that he will give a ........... and nor should he in response to a BB and his latest placing to keep the lights on
nevermind the gloss put on it within the rns
mol