BLT - Blis Technologies

[winner69]

Brian resigned ….I read the notice as - Blis Technologies Ltd (NZX:BLT) announces that Chief Executive Officer Brian Watson has given up and is leaving the company

Skim reading bad for you

https://quoteapi.com/resources/da986...ve_Officer.pdf

[winner69]

When Brian started 7 years ago the share price was 34 cents ….now Brian has given up its 24 cents

A lot of exciting things has happened in those 7 years

[Sampan]

This company is all but dead and buried. I was long suffering but recently sold and, my goodness, I feel free! Its poorly run with no energy or direction or new ideas. Its simply some decidedly average management and board members and nobody has any real insights into the market/industry nor do they have skin in the game so they do not care. This will dwindle towards 2 cents as there is simply nothing, under the current structure, that will get this stock off the canvas

[mr optimistic]

You watch. The board will hire some person from GSK or similar as a box ticking exercise. Its sad actually. As opposed to someone with real entrepreneurial success that knows how to grow rev from a low cost base. 5 independent directors with a CEO, CFO, CTO and CRO can only produce 10M NZD in revenue is pathetic. A 20 year old with a 200K loan from mum and dad could sell more vitamins out of his garage.

[Sideshow Bob]

https://www.nzx.com/announcements/415032

Blis Technologies Limited (Blis) delivers revenue growth of 18% and a break-even EBITDA result for the first quarter ending 30 June 2023 (unaudited).

Revenue for the three months to 30 June 2023 was $2.8m, an increase of $0.4m compared with the same period last year. EBITDA was breakeven $0.0m compared with a loss of $0.3m in the same period last year.

“Following a profitable second half of FY23, we are pleased to start the year with a break-even quarter in line with our expectations. The first quarter revenue growth is from our B2B business, with an increase in Probi royalties and a lift in US ingredient sales for the quarter. Our B2C revenue for the quarter was similar to the same period last year.”

“We continue to see the refreshed strategy and business model drive revenue growth and support our journey back to profitability.” said Brian Watson CEO.

[Sampan]

How does this company seriously see staying listed as warranted? And how can they see these results as pleasing to investors? Flat EBITDA and revenue of $1mio/month? There would be large Four Square dairies doing more than that!

[winner69]

How does this company seriously see staying listed as warranted? And how can they see these results as pleasing to investors? Flat EBITDA and revenue of $1mio/month? There would be large Four Square dairies doing more than that!

You’ll get bad marks for saying such stuff. I did once when I mentioned my corner dairy had higher turnover than Blis …but graduation to large 4 Square is at least progress

[Sideshow Bob]

First listed 30th of July 2021.

Coming up 22 years listed.

[X-men]

Lol .. classic ...

[whatsup]

https://www.nzx.com/announcements/415032

Blis Technologies Limited (Blis) delivers revenue growth of 18% and a break-even EBITDA result for the first quarter ending 30 June 2023 (unaudited).

Revenue for the three months to 30 June 2023 was $2.8m, an increase of $0.4m compared with the same period last year. EBITDA was breakeven $0.0m compared with a loss of $0.3m in the same period last year.

“Following a profitable second half of FY23, we are pleased to start the year with a break-even quarter in line with our expectations. The first quarter revenue growth is from our B2B business, with an increase in Probi royalties and a lift in US ingredient sales for the quarter. Our B2C revenue for the quarter was similar to the same period last year.”

“We continue to see the refreshed strategy and business model drive revenue growth and support our journey back to profitability.” said Brian Watson CEO.

Winter demand for its product imo.