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Last edited 12 months ago
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#Financials
stale
Added 12 months ago

Unless I missed something, a good result from Aroa.

Sales growing strongly,

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and plenty of cash in the bank.


Still unprofitable, with the increased revenue mainly going into marketing.

418aaf05ae2eafb38a73e3d900f42097517c37.png


but I like that they put a decent amount into R&D and the revenue is growing strongly.

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Still making a loss, but definitely a much better result than the previous year.

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Share price was down 7.4% today on the announcement of the above results, which was a surprise to me as I thought they were pretty good.

If anyone has insight into the sell-off I would appreciate the advice. I've recently doubled down from my initial toe in the water and was otherwise quite content.

Cheers.