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Cash burn is about a million a month or it has been so unless sales significantly ramp up in 2023 then these are coming back to the market.
Is there recurring revenue or once a machine is sold is that it? Honestly looking at this it seems overpriced for where it is. FDA approval is great and so is cash pile but without sales growth ramping up massively then the valuation is not justified and that's why there was huge sell volume on fda announcement. People aren't daft they see its a sell on news event. Loads of potential but nowhere near investable yet, especially not at the current valuation
Its all hope hype an potential just look at the accounts
Revenue stagnant as actually fell in half since 2019
Gross Profit margins down as well as revenue ain't good
Total administration expenses have gone from 7m to 14m in past couple of years whatsbthat all about
These do have cash yes but are guzzling it fast which is why is say they need sales to come in thick and fast else they'll be back out with cap in hand. Sorry but anyone here is just too early. Way to early.
They need sales growth to multiply by 15x just to break even assuming current costs remain the same which of course they won't they will increase soooo I dunno, looking for a 20-fold increase in sales to breakeven once factor in increasing costs.
Is that likely in 2023? Truth is I don't know but seems unrealistic
Anyone been on boohoo ..com lately? Their practically giving their clothes away..its a fire sale and smacks of panic in an attempt to get sales up.
Debt here is a massive massive problem the amount and the source of it
Outlook isn't good either for retail sector so I just don't see how things get any better here any time soon
Threeskins you have made my point thats how I feel about these. Tech is great yes but cash runway here is an issue until they start selling and its not going to happen overnight and is not guaranteed at all.
Polx are years away. Is it possible they'll have another placing or take on debt to fund them in the meantime because I think there is and so does the market by looks of it
Nurses in the UK are out on strike at the moment the NHS is crumbling so they ain't going to be buying xenon laser scanners or whatever they are anytime soon.
Not sure about usa which is primary target market of course but still you see my point in a recession and globe struggling they might like the tech but being able to afford it at this time is a different thing I just can't see any meaningful sales here in near term but the approval is good its not enough hence why share price slipping right back. Company continue to burn cash its simple, economics
FDA approval is great n all but these now need to get marketing and selling its going to take a while and just cos they have approval doesn't meant there going to sell any or any in the kind of volume investors want. Its years away
These are still heavily shorted though even though some have closed.
Been on the website lately? Their giving clothes away its a fire sale maybe give slight relief in next numbers but after that its profit warning after profit warning coming
https://www.fool.co.uk/2022/12/21/the-boohoo-share-price-has-crashed-69-whats-going-on/
2023 ain't gun be any better for Boo. Looks like 22p acting as a magnet on the chart.
Just waiting for current support to break
Nice one Girdz cutting through the BS. Best poster on here
Have bids signed with gameloft?? Where is the proof? Why no RNS? ???
Shandypants as per my previous post I was out at boom battle bar in Leeds on 25th Nov I enjoyed it but it was dead it is starting to concern me a little now as our entire year depends on how we perform in, this final quarter im .just not seeing the spend with friends saying similar
We need to at least his expectations otherwise we're gun get dragged right back --- fingers crossed
On a plus note Justin waite is ramping his sheep into this again so we should see a decent rise in near term which protects downside for those of us who go in around 13p :) :) :) :)
Excuse moi?
I sliced at 3.7p and threw that back in today. Would be surprised if this went below 3p now but draper does like to suprise let us all hope its a good one this time for first time I actually think it will be as everyone, noticed an increase in ads lately particularly ebay because I have