BUD - Buddy Technologies

[frugal.rock]

 

[frugal.rock]

Just Announced.
ASX MARKET RELEASE
LIFX Announces World-First Disinfecting Anti-Bacterial Smart Light

SUMMARY
● LIFX Clean is a fully functional white + colour smart light that also uses germicidal antibacterial light to disinfect surfaces and surrounding air

● In a smart lighting world-first, by using 405 nanometre High Energy Visible (HEV) light that is safe for humans, pets and plants, LIFX Clean offers an effortless way to
maximise the cleanliness of home environments

● LIFX Clean has passed efficacy testing in laboratory testing conducted by the
Department of Chemistry and Biotechnology at Australia’s Swinburne University of
Technology, as well as IEC and safety testing at UL Verification Services in Guangzhou

● Whilst LIFX Clean is currently in the testing queue for efficacy against the SARS-CoV-2 virus (which can cause the COVID-19 disease), no claim is currently being made that
the product is effective in an antiviral capacity of any kind, including on SARS-CoV-2

● Priced at A$99.99 / US$69.99 / CA$79.99 / €69.99 / £59.99, LIFX Clean is an affordable
and accessible new anti-bacterial product, providing broad access to consumers in a time of enormous demand for cleaning products. It is expected to be released to the
market in calendar Q4.

 

[frugal.rock]

Pre auction shaping up beautifully....
Thanks Buddy.

 

[barney]

Well done FR .... Now we know why there has been so much action. That is massive news.

Don't you party too hard this weekend

 

[tech/a]

Bought a small parcel will see how we go with regard
to adding to it if all pans out Bit late but if it reaches
20 c will be early enough!

 

[verce]

Just Announced.
ASX MARKET RELEASE
LIFX Announces World-First Disinfecting Anti-Bacterial Smart Light

SUMMARY
● LIFX Clean is a fully functional white + colour smart light that also uses germicidal antibacterial light to disinfect surfaces and surrounding air

● In a smart lighting world-first, by using 405 nanometre High Energy Visible (HEV) light that is safe for humans, pets and plants, LIFX Clean offers an effortless way to
maximise the cleanliness of home environments

● LIFX Clean has passed efficacy testing in laboratory testing conducted by the
Department of Chemistry and Biotechnology at Australia’s Swinburne University of
Technology, as well as IEC and safety testing at UL Verification Services in Guangzhou

● Whilst LIFX Clean is currently in the testing queue for efficacy against the SARS-CoV-2 virus (which can cause the COVID-19 disease), no claim is currently being made that
the product is effective in an antiviral capacity of any kind, including on SARS-CoV-2

● Priced at A$99.99 / US$69.99 / CA$79.99 / €69.99 / £59.99, LIFX Clean is an affordable
and accessible new anti-bacterial product, providing broad access to consumers in a time of enormous demand for cleaning products. It is expected to be released to the
market in calendar Q4.

Well done frugal!

 

[aus_trader]

I am in with a minimum parcel of 0.5k + brokerage to be exact. This is just a long shot at catching a flying rocket. Not going to trade it or mention in my trading portfolio. Just have to ride the volatility that will come...

Just too good a story to look back on and think what if I...

 

[frugal.rock]

Have just been admiring the following support showing up in market depth.
Just about to break through intraday record volume again. (Previous was 102,000,000 thereabouts)
Hoping they put August update out next week.
Surely a purchase order will come for the anti bac lights also....
Sit tight...

 

[tech/a]

Hmm this keeps flying so bought a few more!!

 

[over9k]

Yep. I'm up to lunch & a beer paid for

 

[tech/a]

Now some supply
15 min chart is looking like .083 likely
things will start moving one way or the
other in about 20 min.!

 

[over9k]

I feel like this is one of those ones we have to sit on, have go nowhere for weeks, then explode 20+% in a single day, then have nothing happen for weeks again, rinse & repeat.

 

[frugal.rock]

Philips NV is the main competitor to Buddy /LIFX. (Quoted by Buddy)
Philips is circa 50 Euro per share and has generally been trending up over the last few years.
Don't know how to compare them other than that?
Top mover on Westpac small caps today, by far!
Raise your glass for a strong finish!
Cheers

 

[tech/a]

I feel like this is one of those ones we have to sit on, have go nowhere for weeks, then explode 20+% in a single day, then have nothing happen for weeks again, rinse & repeat.

I like to get these before they reach 10c
So when they hit its in .05c increments.
If you've got a few it certainly gives a good R/R

 

[frugal.rock]

Well done frugal!

Thank you kind sir, but I only played my filial duty as a dedicated ASF member.
Cheers.

 

[galumay]

Don't know how to compare them other than that?

Well Phillips make a profit and are FCF +'ve, on revenue of 20b euro, so there is not really any comparison at this time.

 

[aus_trader]

Top mover on Westpac small caps today, by far!

Also recorded the largest volume traded today, since the birth of Buddy...

 

[frugal.rock]

BUD keeping its chin up nicely solidly hitting $0.10 with a solid attempt at pushing through.
Hardly surprising supply came back but seems to be well supported for now.
With a few more announcements expected in the coming weeks, I am not expecting any big retrace.
Weak hands have been dealt with today already. Cheers.

 

[barney]

I am not expecting any big retrace.
Weak hands have been dealt with today already. Cheers.

I was thinking I could say:-

Be careful
Consolidate profits
Consider trading with a portion of those profits to protect gained capital.
Nothing goes up in straight line forever
etc etc etc.

But I know you already know all that Rock, so my only comments are:-

Well done
Good analysis
Enjoy the spoils
Its your shout

 

[wabullfrog]

Preliminary Financial Report


https://www.asx.com.au/asxpdf/20200831/pdf/44m5kh53g8c8vh.pdf

SUMMARY OF OPERATIONS

Total customer revenues for the year ended 30June 2020 were $31.0million, increasing $22.1million, or 248% from $8.9million in the previous year. This increase was primarily the result of the addition of the Consumer Business which totaled $28.3million for the year ended 30 June 2020 (compared to$6.5 million in the previous year) and, to a lesser extent, growth in Commercial Business revenues which totaled $2.7million for the year ended 30 June 2020(compared to $2.4 million in the previous year).

Many of the operating expense items increased during the year from the addition of the Consumer business, most dramatically cost of sales, advertising & marketing expense and employee benefit expense.

The net loss for the year totaled $45.3million,which increased from a loss of $27.4 million in the prior year. The 2020 loss included a write-down of intangible assets of $18.6million, $8.9million of non-cash based expenses (including depreciation, share based payments, amortization option based payments and deferred income tax benefit), $1.9million of expenses related to refinancing and the acquisition and $5.6million of interest expense.

Interest expense includes $4.4million of accrued and unpaid interest. This is primarily the result of several debt agreements entered into as part of the acquisition (described more in Note 5). The agreements were for a) the assumption of existing LIFX lines of credit,and b) deferred consideration for the purchase price itself.

Share based payments represent the value of employee incentive performance rights that the Company issues as part of every employee’s compensation plan and totalled $2.5millionin 2020–an increase of $1.5million from $1.0million in the prior yea due to new grants made to employees and a full-year of vesting for acquired employees.