this post was submitted on 06 Sep 2023
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Very close to being profitable. Revenue from sales is less (typically not a great indicator), but cost of sales is reduced as well as SG&A, so the business is more efficient. Hence improved overall.
Cash position very similar to last year.
All in all this isn't bad result.
Descressing sales is a concern, but hard to really understand without more detailed info. While it could mean your competition has taken market share, it could also mean better focus on more profitable products.