Post by
flubber2k24 on Aug 20, 2024 4:56pm
Q2 2024 Results are scorching hot
Let's look at some of the highlights!
- Lowest gross profit since Q2 2023
- Worst net loss since Q2 2023
- Adjusted EBITA worse since Q2 2023 (only by a bit - nice Tony Turd here)
- Mobikey is toast - $49K in revenue, down from $456K in Q1 2023
- "Simply put, the results for our second quarter of 2024 did not reflect the quality and potential of our business and growth plan. We expect a much stronger second half to 2024 compared to the first half; stay tuned", said Tony Busseri, President and CEO. ----- Stay tuned for what? Another quality Tony Turd
- They hired a new guy on July 1. Give him until September before he quits
- Lots of talk about Pocketvault as it looks like it will deliver some margin in Q3 - maybe stave off death for another quarter
- So much talk about Pocketvault - seems like a Tony Turd to put down a bunch of nice-sounding BS to distract from the wreckage
- Net negative working capital a new record low, almost $5.5 millioN!!
- Debt got worse again
- Shareholders equity about to go negative from $1.5 million in March 2023
- Growth in ALPR contracts slowed down substantially
All in all, Q2 is a spectacular Tony Turd. What will tomorrow bring, 1.5 cents for the stock?
Comment by
knowsjack on Aug 30, 2024 2:16pm
Perhaps unlike Mobikey, Pocketvault will soon become the global best-selling, sells-itself in great numbers hail mary product that ROI's been waiting for for all these years? dyodd knowsjack