$63m revenue – $6.3m loss (10%) (adjusted for a lot of things, actual $11.6m almost 20%)
“FY22 saw Torquay Beverage Company launch Better Beer with the Inspired Unemployed, which delivered $19m of sales and sold 4.3m litres since its launch in October 2021.”
“As mentioned, we have engaged Moelis Australian to facilitate a review of the company’s strategic options. We have two emerging segments in the business and both these businesses require different levels of investment over different timeframes. We are firmly of the view that the current market capitalisation doesn’t reflect the intrinsic value of the brands, and believe the time is right to commission the strategic review.”
