MYQ 5.56% 17.0¢ myfiziq limited

FY19 revenue forecast - Target not met

  1. 213 Posts.
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    Hi

    The below is an extract from MYQ's announcement dated 29 March 2018 and titled Response to ASX Query.

    Their forecast for the year ended 30 June 2019 is $25.8 million. To date they claim they have $12k per month (to be shared with Wellteq) and we have just over one month left before 30 June.
    https://hotcopper.com.au/data/attachments/1560/1560796-2870a3882e4035b4fe91040fdd36cb20.jpg


    Revenue was to be generated mostly from the following sources:
    1. Subscribers to the MYQ app generated by the Fitocracy partnership
    2. Licence fees payable by the Indian partner

    None of the above happened. How could they completely miss these targets?

 
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