Originally Posted by
simla
The results only compared this 6 months with the same time last year, not the prior half year. I just did the maths, and the sales revenue for the last three 6 month periods have been 158k, 450k, and 663k. So sales revenue rose by 50% over the last half, if my maths is right. The trading losses seemed to be 405k, 71k, 11k. The reason it did not go into profit was because the "other expenses" went up by nearly as much as the sales revenue this half - presumably the cost of all these marketing ventures and regulatory consents which we're so happy with.
You'll gather from my several posts since the results that I'm pretty happy with this. I know some people want the share price to rocket in the shorter term, but I'm happy for it to have been noticed by the market and steadily making progress now. With these results, Blis crossed the Rubicon as I see it. We still do not know the speed of growth, but it seems to me that continuous growth is now the only likely outcome from here on in. That's a great place for the company to be, especially with excellent projects on the boil as well.