Australian (ASX) Stock Market Forum

SBW - Shekel Brainweigh

Very disappointing.
Agree, slipping further with big volume.
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still around and in retail automation...

MC $11M, shares at $0.048

• In spite of revenue been flat YOY, the company is generating more margins and better financial performance due to efficiencies initiatives it implemented since the beginning of 2024 and business focus re products and territories.
• Revenue of US$ 13.3 million (~A$ 20.5 million) in H1 FY24 (January to June 24).
• Retail automation solutions revenue grew 29% compared to H1,FY23
• Improved EBITA - 10% improvement in Gross Profit (35% compared to 32%), due to transferring production to a subcontractor in The Philippines
• 38% reduction in operating loss to US$ 1.3 million in H1-2024 compared
to US$ 2.14 million in H1-2023 due to reduction in G&A and R&D expenses.

Significant new orders for Shekel new suite of retail automation, including kits for Smart Coolers, Smart Carts and Smart Shelves.
• Launching Sentinel in NRF NYC. Significant technology milestone. Sentinel already in trials with numerous global retailers.
• Shekel achieved a major milestone of NTEP certification for its Legal for Trade device for Smart Carts.
 
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