Post by
Pencilpush on Nov 30, 2020 8:13am
What’s the verdict
Honest verdict sales are up but huge cash burn still have we slowed the bleed? I'm excited numbers for sales but worries still about the burn rate. Interesting day for trading
up or down?
Comment by
Bigginvestor on Nov 30, 2020 8:55am
axuly is making money happy I sold some of my tgod to buy axuly
Comment by
Bigginvestor on Nov 30, 2020 10:31am
this is still making money better than hexo and this right now
Comment by
UniqueKitty on Nov 30, 2020 10:34am
The verdict is revenues are up 85% over the previous quarter. EBITDA has improved significantly as Auxly moves to profitability. Auxly Q3 results exceed all analysts expectations. Go figgah! pencilpush is a twink cheers
Comment by
UniqueKitty on Nov 30, 2020 10:55am
Correction. Revenues up 58% over previous quarter. Transposed numbers. Sorry 'bout that. Dislexia sucks. Awesome improvements once again for Auxly and the holidays are right around the corner. Time for an updated Auxly catalogue! cheers
Comment by
Pencilpush on Nov 30, 2020 11:37am
First half profitable is what you guys where saying before and someome posted in yahoo they removed that outlook isn't that concerning? I mean with this news of beating estimates you'd think the price would have taken off today. This stock is so hard to gauge nothing acts like it's supposed to. I'm staying on the sidelines today and re evaluate tomorrow.
Comment by
autofocus111 on Nov 30, 2020 12:11pm
Yes pencilpush I noticed that too. As long as they can continue on the trend of rising revenues and shrinking negative EBITDA, I'd say it's excusable given the uncertain impacts of covid wave 2.
Comment by
Pencilpush on Nov 30, 2020 12:49pm
I have a feeling that's why they changed aged the outlook. Mostly where they make big sales numbers are in some type of lockdowns again with the threat of newer ones being imposed. Let's hope they don't need to pull anymore dilutive funding at the least if it comes down to it
Comment by
SCQuin on Nov 30, 2020 12:00pm
I wish I could be more optimistic ....the path to profitability looks more rocky then ever before and the balance sheet is a mess. The guidance, if one could call it that, seems to point to more financing. Is there something I am missing here??
Comment by
Pencilpush on Nov 30, 2020 12:47pm
From other posts seems to be the case they won't have enough cash to maintain a full year of operations at this current pace. Whether they pull more or not we probably won't in ow until second half as they will ride it out and see if something changes and sales sky rockets. Could be either or but it is concerning to me they removed the notion of being profitable next year
Comment by
autofocus111 on Nov 30, 2020 12:09pm
No mention in the latest earnings PR of their previous goal to achieve positive EBITDA by end of H1/21.