Sometimes I think about growth and wonder where it can come from. I think about our on business dev team and their search for the next big fish and see that is a perpetual struggle, depending on the market you play in grown can only come at the detriment of a competitor, but I digress.

But then you can rearrange yourself and change the business model. For example, from bricks and mortar to online, this can change at least one growth metric, profit. This could be good but will such as change be a permanent or a once off. And what if all the competitors follow this lead, we are back to paragraph one.

Well the recent results show it could be like the taco girl, why not both:

• $41.8M revenue, a 206% increase (FY20: $13.6M)

• $1.75M net profit after tax, a 73.6% increase (FY20: $1.0M)

• Net assets of $7.66M, turnaround from FY20 net liabilities of $3.9M

• Number 1 marketplace seller on Amazon Australia since July 2020

The company which is 30 years old has moved to be online only and has adopted eBay as a channel with $1M monthly sales through the platform. The change also eliminated the reseller model.

The year also saw two additions to the board. Allan Sparks and NED chairman and Guy Polak also as an NED. Polak was previously a consultant to the business meaning he hit the ground with aligned knowledge.

Sparks, a chartered accountant, says he joined as he feels the business is placed to take advantage of the strong growth in e-commerce. That and he also liked the team culture lead by Garrison Huang.

Overall, it sounds like they are trying to adapt to an extremely competitive space in the market. Will be one to watch and see if the execution can follow.