RE: Tu date at last28 Jun 2021 16:23
Hi D,
Found it is in InvestorMeetCompany: https://www.investormeetcompany.com/investor/meeting/retail-investor-call-with-eve-sleep-management-final-results
Yes, Aiming for sustainable profitability towards the end of 2022, but this does not negate profitability in 2021 which is possible, see Q16.
Q16: Great turnaround from large losses to small losses. Next step would be moving to profitability; how will a profitable business be achieved, top line growth, margin improvement, marketing efficiency or overhead reductions? Will 2021 be profitable?
Answer: 2021 is a year of investment in France and potentially other adjacent markets. This will help to establish a larger, more balanced business across a few geographies, which will enable eve to move into profit. To build a business for the long term, eve will need to achieve topline growth at healthy margins - something we have demonstrated in 2020 results.
Also, answer to Q10 (&Q19): Tim Parfitt, very confident that they have enough cash in the business to see Eve Sleep through to profitability.
Also, answer to Q19 “ Any intentions for further capital raises?” Tim Parfitt, NO – emphasised, they have enough cash to see them through profitability.
This presentation definitely worth another listen. Is looking good.