BUZZ-Bubs Australia eyes best day in nearly 7 months on upbeat results, forecast

Reuters01-31

** Shares of Bubs Australia rise as much as 18.2% to A$0.130, on track to post their best day since July 5, if gains hold

** Stock hits highest level since Jan. 15

** Co's group gross revenue rises 79.7% for Q2

** Says co on track to exceed FY24 net revenue forecast of A$80 mln ($52.78 mln)

** Says co remain firmly on track to achieve their guidance for FY24

** Says co remains confident it will be cash flow positive with positive trading EBITDA in FY25

** About 11.7 mln shares change hand compared to 30-day average trading volume of 1.8 mln shares

** Stock down 15.4% YTD as of last close

($1 = 1.5156 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment