A LONG Hold … ... between Financial Reports.
Auxly Reports Q4&FY-2021 tomorrow.
https://auxly.com/?post_type=post&p=1361
4 and 1/2 months is a painful amount of time to wait for confirmation your investment is on track with expectations.
Automation set-backs in Q3-2021 were a painful hit for Auxly shareholders. It appears that may be remedied now but a six month Covid hangover, on ramping up pre-roll production was a bloody hard shot in the privates.
Tomorrow we'll finally see if patience is paying off. For long term Auxly investors, I'm sure it feels like the turn to profit is taking forever but in the grander scheme of things a five year turn to profit is pretty standard and even considered a top end performance.
It appears Auxly will make the turn to profit with little to no additional financing required. I wouldn't want to see a hit like the one Valens just took today on yet another bought deal announcement. Just goes to show how a RS opens young companies up to brutal manipulation.
Cash and available funding should carry Auxly to profitability.
On the upside of staying up to date, Q1-2022 ends tomorrow and we'll only have to wait six weeks to see those numbers. On or before May 15, 2022 if I'm reading it right. This should provide a first look at the effects of equipment upgrades and cost cutting measures which Auxly has recently implemented.
Execution is key.
Hang in there mates!
cheers