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#Revenue Downgrade
stale
Released at 4:10pm
On a Friday
On the last trading day of the quarter when most small cap crappy companies with crappy quarters are waiting to the last second to release their crappy quarterly reports
I knew this would be negative the moment I saw it
There are positives though:
- "Strong uplift in sales order intake with confirmed orders of $5.5m during Q4 FY2022. This represents the strongest quarterly sales performance since the onset of COVID-19 related business disruptions."
I just wish two things of any company's management:
- Be conservative in your forecasts. Better to underforecast than overforecast.
- DO NOT RELEASE DOWNGRADES at 4:10pm on a Friday afternoon.