Yowie are primarily a manufacturer of candies and games for children. Its product portfolio comprises gummy, bites, and surprise-inside the egg.

I started following this company last year, having found them because of financial numbers that had potential in them, at a very small size.

I was waiting for their annual report to see whether or not they were worth a small position. For a company with a checkered history, It was great to see them deliver this year. The group achieved profitability and revenue increase of 17%.

Given they sell in both US and AUS, their increase in revenue is mostly due to the US re-openning, and consumers buying from stores again.

With their past history, we can’t tell for certain (can we ever?) if they can maintain this growth and these good numbers.

One thing for sure however, is that balance sheet wise, with ~$8M in the bank, and a MC of ~$9M, if they continue on this trajectory, we could see a major re-rating of the stock.