Key Messages
- Inaugural ASX financial result – record full year revenue of $10.9million
- Gross Profit is $4.49million, up 11.2%, with gross margin at 41%
- Record sales of company owned brand products via pharmacies stores to $0.78million from $51k in FY17.
- Working capital has increased by 65% to $13million, reflects the working capital requirement associated with the organic revenue growth.
- Solid balance sheet include $10.7million in cash and no debt.
- Normalised profit of $2.17million with add back of one off expenses
- One off expenses represent investment in building company’s brand awareness and strengthening relationships with business partners
- Strong organic growth and business acquisition targets in the pipeline
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