RE: Cash Balance30 Sep 2019 13:38
For the 6 months to end of June:
Cash Outflow - $2.9 million
Profit Margins - Gross Profit down from 60% to 57% [third party seller commision]
Stock Levels - 'Included in the cash used in operations is an increase in the Group's inventory balance'. That is another $475k unsold stock.
The Company had cash reserves of $1.4 million as at 30 June 2019. The future looks good but I think they will need further funds in the short term. Quite surprised there have been no buys or sells so far today [and just 1 post from Papillon1 which popped up whilst I was typing mine].