BLT - Blis Technologies

[percy]

Sales growth has certainly slowed.
There are 1,107,653,565 shares on issue giving a market cap of just under $43.2 mil @ 3.9 cents share price.
Just does not add up with revenue of only $6.5 mil..

[simla]

"The company will report its full year annual audited financial results by Monday 26 May 2017."

I just noticed that there is no Monday 26 May. Perhaps they mean Friday 26 May.

[winner69]

"The company will report its full year annual audited financial results by Monday 26 May 2017."

I just noticed that there is no Monday 26 May. Perhaps they mean Friday 26 May.

Typical of a Mickey Mouse company?

[QOH]

Typical of a Mickey Mouse company?

Yes pretty bad mistake to make, very sloppy

[Leon]

Yes pretty bad mistake to make, very sloppy

Does the right hand know what the left hand is doing?

[simla]

Let's not sweat the small stuff. Everybody makes mistakes from time to time.

My concern is simple: how many years to a $5m profit with the trend lines below, let alone $10m or more? What is the plan, and what is being done to implement that plan?

Source : last few annual reports, plus update on 2017 just published.

(000s)	2013	2014	2015	2016	2017
Loss	-1856	-1541	-1373	-816	-24
Revenue	1161	1322	2631	5661	6547
Total Expenses	3017	2863	4004	6477	6571
Cost of goods sold	527	585	935	1762
Ergo other expenses?	2490	2278	3069	4715

I have checked the figures carefully, but check them yourself if relying on them.

[simla]

A plan that obviously should work is to take a very large pair of scissors to the expenses. That would instantly produce a respectable profit. The 2016 report talked of non-recurring costs that year, but that does not seem to have altered the outcome this year?

Another plan that should work is to change the objective. The reports constantly talk of growing revenue, and I would like them to start instead talking of growing profits. If you are aiming at growing revenue then of course you are going to spend money to achieve that aim. But if you are aiming at growing profits, the incentive would be the opposite.

[Leon]

A large pair of scissors to the expenses would be an excellent starting point.

[emearg]

A large pair of scissors to the expenses would be an excellent starting point.

Yeah Leon! Trim it down so they make a tiny profit and stop growing the revenue. Sticking with a tiny profit will be much better than growing Blis into a decent sized company with big profits. Maybe they can cut some staff? 20 odd people is clearly excessive! Trim the marketing budget? They spend far too much on that. And cut the support people out. Their customers and partners don't need support in launching new products. And cut the tiny budget in making their crappy website slightly less crappy. I'm with you pal no question! You should be in charge.

[winner69]

Yeah Leon! Trim it down so they make a tiny profit and stop growing the revenue. Sticking with a tiny profit will be much better than growing Blis into a decent sized company with big profits. Maybe they can cut some staff? 20 odd people is clearly excessive! Trim the marketing budget? They spend far too much on that. And cut the support people out. Their customers and partners don't need support in launching new products. And cut the tiny budget in making their crappy website slightly less crappy. I'm with you pal no question! You should be in charge.

Jeez mate - thats a depressing view, esp coming from a true believer