NUH - Nuheara Limited

[jonnycage]

Strong 1st Quarter

Highlights:

• Invoiced quarterly revenue up 543% on same period last year: FY21 Q1 total also exceeds total FY20-revenue by 103%.
• Increased diversification of income streams: Invoiced $1.8m in Product (Nuheara branded products) and $1.7m in Services (OEM/HP).
• New orders of 2,111 units for the quarter. Q1 is seasonally the smallest retail quarter of the year, plus reduced Direct To Consumer (DTC) marketing spend to focus on clearing backorders.
• Increase in Average Sales Price (ASP) to $417 for IQbuds2 MAX orders: Sales momentum maintained with lower levels of discounting during the Quarter, resulting in increased margin.
• DTC Return on Advertising Spend (ROAS) for the quarter was marginally down at 1.74x. Expected to improve in Q2 as backorder diminished and shipping times reduce towards Ship On Order.
• FY21 Q1 cash receipts were up 18% ($532K) on same period last year. Reflects positive momentum in DTC despite lower marketing spend.
• Strong orderbook entering Q2: $1.05m IQbuds2 MAX plus $2.0m Services1 (HP OEM)

 

[jonnycage]

Heading into Christmas buying season with some momentum

 

[jonnycage]

• Nuheara (NUH) has signed a three-year manufacture and supply agreement with American information technology giant HP
• The first product to be supplied under the agreement will be a HP-branded True Wireless Earbud and charging case
• This product will use Nuheara's own intellectual property and carry its branding
• Shipment of the product is on schedule to occur from January to March in 2021
• Coinciding with this agreement is the announcement of an $11.5 million placement, with the funds to be used to manufacture products under the HP partnership

 

[Miner]

 

[galumay]

Still an unprofitable company burning piles of cash, even with the cap raising last Q they only have enough cash to survive about 18 months at current burn rates. Looking back over the years its been on this path for a long time. Sometimes good ideas are not good businesses!

 

[Miner]

Still an unprofitable company burning piles of cash, even with the cap raising last Q they only have enough cash to survive about 18 months at current burn rates. Looking back over the years its been on this path for a long time. Sometimes good ideas are not good businesses!

@galumay - 100 pc right.
"Sometimes good ideas are not good businesses!" - unless they are backed by good execution plans and leaders to execute them.
Commercial applications are the key success of all good ideas- that's why we often see ABC inventor programs - great ideas to see on TV but how many they got implemented.
I am however hopeful NUH will rise from the ash (DNH) but do not know how AUA will fit with the race.
If I own COH and in the board of COH, then one of the goals will be to see none of the NUH and AUA be successful, so as my cash cow does not get killed. That was the same way ethanol mixed petrol got too expensive than petrol.
There must be some strategies to make the billion-dollar companies be so successful. If I knew, then no one would find me on ASF forum

 

[galumay]

Honestly, I doubt COH even know NUH & AUA exist!

There must be some strategies to make the billion-dollar companies be so successful.

FCF +'ve -> Profit -> Growth -> ROIIC -> Good capital allocation, competent management. Too many people think you have to identify them really early, before its obvious. I tend to think as long as you dont over pay too much, better to wait until its clear they are investible. My hit rate improved greatly once I stopped trying to find the next great business before everyone else.

 

[Miner]

Honestly, I doubt COH even know NUH & AUA exist!



FCF +'ve -> Profit -> Growth -> ROIIC -> Good capital allocation, competent management. Too many people think you have to identify them really early, before its obvious. I tend to think as long as you dont over pay too much, better to wait until its clear they are investible. My hit rate improved greatly once I stopped trying to find the next great business before everyone else.

Your strategy pretty much aligned with what Freeport, BHP, and Rio do - they do not believe to be Columbus but then with solid strength, overpass those harbingers.
Good stuff

 

[Maelinar]

Anybody been watching NUH ? +1000% and I'm watching tumbleweeds in my news feeds

 

[Rabbithop]

Anybody been watching NUH ? +1000% and I'm watching tumbleweeds in my news feeds

I am a shareholder from day 1 n have given up watching it.

 

[Maelinar]

Ouch... I didn't have the nerve to stick with it but I managed to pull a few quid before the latest jump anyway. Here's hoping it will continue to climb