2024 FULL YEAR RESULTS Guzman y Gomez delivers record results in FY24 across key revenue and earnings metrics, ahead of prospectus forecasts Guzman y Gomez Limited (“ASX:GYG”, “GYG” or “the Company”) today announced its financial results for the year ended 30 June 2024 (“FY24”).

GYG reported a statutory loss after income tax expense of $13.7 million for FY24.

Pro forma1 net profit after tax (“NPAT”) was $5.7 million, 71.2% ahead of prospectus and up 94.1% on prior year, adjusting for one-off costs primarily related to the initial public offering and system implementation. 

GUZMAN Y GOMEZ LIMITED (ASX:GYG) - Ann: 2024 Full Year Results Briefing Presentation, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Observation:

GYG a recent IPO

GYG like launching a NASA space rocket - Is this safe to launch /invest into?

Interestingly when GYG IPO last month, my twitter feed was littered with self proclaimed gurus touting it a massive burrito pump job onto dumb retail. Even recall a few complaints that there wasn't enough borrow to short it.

Anyway here we are at $32 and only one side is laughing so far.

Is it really a house of cards... Shoot your prediction for the SP in 12 months?