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15-04-2024, 03:45 PM
#7631
Originally Posted by Walter
The I bit in EBITDA will be a reasonable positive as they have cash in the bank, not debt.
Therefore I will be nil - interest earned will form part of E.
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15-04-2024, 03:59 PM
#7632
Originally Posted by fungus pudding
Therefore I will be nil - interest earned will form part of E.
Blis seem to show a net interest number for Interest and don’t include it in EBITDA
Last year it was $173k (income)
Might even report a Profit
”When investors are euphoric, they are incapable of recognising euphoria itself “
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24-05-2024, 08:54 AM
#7633
https://www.nzx.com/announcements/431666
Revenue growth and a return to profitabilityIn the year to 31 March 2024, Blis Technologies Ltd (Blis) achieved a return to profitability after two years of operating losses.
The profit for the year was $0.6m, which was in line with guidance. This result was achieved on revenue of $11.5m, which was 12.6% higher than the previous year.Revenue growth was achieved in our Business to Business (B2B) segment, with an 18.2% increase in ingredient sales and royalty income.
Revenue in the Business to Consumer (B2C) area was affected by cost of living pressures on our customers and as a result revenue was consistent with the previous year. The revenue growth combined with a tight control over costs resulted in an improved trading performance. Net profit after tax for the year of $0.6m compares with a loss of $1.4m in the previous financial year.
This year’s result reflects some early success from the Company’s strategy to focus on achieving revenue growth from global ingredient sales and royalty income, under our B2B strategy. The cash surplus from operations improved to $1.1m. Blis continues to be in a strong financial position with cash and cash equivalents and short term deposits of $8.5m.
CHIEF EXECUTIVE
Scott Johnson joined Blis in mid January 2024 as our new CEO. Scott has a proven track record for building business capability to deliver profitable growth into global markets. His breadth of experience across sales, marketing and operations will be invaluable in achieving Blis’ growth aspirations. We are extremely pleased to welcome Scott to Blis as CEO.
STRATEGY UPDATE
The Board and the Blis Leadership Team remain committed to the current strategy of focusing on delivering revenue growth from ingredient sales and royalty income in B2B markets, as the pathway to delivering sustained profitability.The three year strategic plan for the business has been updated. This plan has a commercial focus structured around working closely with our key customers and exploring new opportunities in other markets, where we can present a competitive offering.
This approach will see the Company refocusing its R&D work on ensuring that Blis has appropriate regulatory approval in key markets and supporting the commercialising of its two key hero products, BLIS K12™ and BLIS M18™. Over time the Company will invest more into the R&D area. However, this requires Blis to be in a sustainably profitable position.
OUTLOOKThe coming year will see a continued focus on both growing revenue and improving profitability. We will continue to keep shareholders updated on progress.Ends
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17-07-2024, 02:03 PM
#7634
Originally Posted by Sideshow Bob
https://www.nzx.com/announcements/431666
Revenue growth and a return to profitabilityIn the year to 31 March 2024, Blis Technologies Ltd (Blis) achieved a return to profitability after two years of operating losses.
The profit for the year was $0.6m, which was in line with guidance. This result was achieved on revenue of $11.5m, which was 12.6% higher than the previous year.Revenue growth was achieved in our Business to Business (B2B) segment, with an 18.2% increase in ingredient sales and royalty income.
Revenue in the Business to Consumer (B2C) area was affected by cost of living pressures on our customers and as a result revenue was consistent with the previous year. The revenue growth combined with a tight control over costs resulted in an improved trading performance. Net profit after tax for the year of $0.6m compares with a loss of $1.4m in the previous financial year.
This year’s result reflects some early success from the Company’s strategy to focus on achieving revenue growth from global ingredient sales and royalty income, under our B2B strategy. The cash surplus from operations improved to $1.1m. Blis continues to be in a strong financial position with cash and cash equivalents and short term deposits of $8.5m.
CHIEF EXECUTIVE
Scott Johnson joined Blis in mid January 2024 as our new CEO. Scott has a proven track record for building business capability to deliver profitable growth into global markets. His breadth of experience across sales, marketing and operations will be invaluable in achieving Blis’ growth aspirations. We are extremely pleased to welcome Scott to Blis as CEO.
STRATEGY UPDATE
The Board and the Blis Leadership Team remain committed to the current strategy of focusing on delivering revenue growth from ingredient sales and royalty income in B2B markets, as the pathway to delivering sustained profitability.The three year strategic plan for the business has been updated. This plan has a commercial focus structured around working closely with our key customers and exploring new opportunities in other markets, where we can present a competitive offering.
This approach will see the Company refocusing its R&D work on ensuring that Blis has appropriate regulatory approval in key markets and supporting the commercialising of its two key hero products, BLIS K12™ and BLIS M18™. Over time the Company will invest more into the R&D area. However, this requires Blis to be in a sustainably profitable position.
OUTLOOKThe coming year will see a continued focus on both growing revenue and improving profitability. We will continue to keep shareholders updated on progress.Ends
This one is starting to come on my radar. Just doing some numbers on it now. If they can keep revenue growth at 10%+ and maintain costs (Guessing there are a lot of scale possibilities) then they could double profit or more and make NPAT of about $1.3-$1.5m.... PE of about 10. Is there upside? Plenty of cash, no debt.
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17-07-2024, 05:57 PM
#7635
Originally Posted by blackcap
This one is starting to come on my radar. Just doing some numbers on it now. If they can keep revenue growth at 10%+ and maintain costs (Guessing there are a lot of scale possibilities) then they could double profit or more and make NPAT of about $1.3-$1.5m.... PE of about 10. Is there upside? Plenty of cash, no debt.
New CEO getting his feet under the desk and hopefully should be starting to make an impact.
Just remember.....almost 1.3 billion shares on issue.....
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18-07-2024, 07:03 AM
#7636
Originally Posted by Sideshow Bob
New CEO getting his feet under the desk and hopefully should be starting to make an impact.
Just remember.....almost 1.3 billion shares on issue.....
I understand how many shares on issue. I just go on market Cap and work back from there for PE. At these prices, I am thinking it is a possible small punt if they can keep the momentum from the last year or so going..
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18-07-2024, 10:15 AM
#7637
Seem ripe for a share consolidation and to get out of the "penny dreadful' range.
But seems to be little downside from here.....the question has always been their ability to sell/market the product.
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18-07-2024, 10:31 AM
#7638
Originally Posted by Sideshow Bob
Seem ripe for a share consolidation and to get out of the "penny dreadful' range.
But seems to be little downside from here.....the question has always been their ability to sell/market the product.
Thanks SSB, you seem to know more about this company than me. I did have an hour zoom call with Aimee McCammon about a year ago and she came across well and sold the company well. But I was not convinced at that time. Seems they have done well since then and if they can continue the momentum there should be some upside potential. I might have a nibble and like you say, the downside is limited.
A share consolidation would be welcome.
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18-07-2024, 02:26 PM
#7639
Originally Posted by blackcap
This one is starting to come on my radar. Just doing some numbers on it now. If they can keep revenue growth at 10%+ and maintain costs (Guessing there are a lot of scale possibilities) then they could double profit or more and make NPAT of about $1.3-$1.5m.... PE of about 10. Is there upside? Plenty of cash, no debt.
God, I sincerely hope there is some upside. BLT has been in my portfolio since 2005 and I've been looking for upside
almost every year since then.
My wife has often commented about how great it will be when the SP reaches $1.00. I think the only chance of that occurring will be when the 1.3 billion shares are consolidated at 1:100.
I've still got a few years ahead of me yet (hopefully) so there's still a chance that something might work for BLT and the tide finally turns - but I'm definitely not banking on it happening in my lifetime.
I would suggest you approach this share with a great deal of caution.
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18-07-2024, 02:35 PM
#7640
Originally Posted by pierre
God, I sincerely hope there is some upside. BLT has been in my portfolio since 2005 and I've been looking for upside
almost every year since then.
My wife has often commented about how great it will be when the SP reaches $1.00. I think the only chance of that occurring will be when the 1.3 billion shares are consolidated at 1:100.
I've still got a few years ahead of me yet (hopefully) so there's still a chance that something might work for BLT and the tide finally turns - but I'm definitely not banking on it happening in my lifetime.
I would suggest you approach this share with a great deal of caution.
So you’ve seen many CEOs and Marketing gurus come and go in your time
My opinion is that real success hasn’t happened because products not wanted …it hasn’t been execution or anything
Should have persevered with icecream
”When investors are euphoric, they are incapable of recognising euphoria itself “
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