Aug. 24 at 1:26 PM
$AFFU
🟢 Most positive aspects
1. Revenue growth is real and substantial
- Six-month revenue increased from
$3.20M to
$4.55M, up roughly 42.5% YoY.
- Q2 revenue also rose from
$2.13M to
$2.33M.
That is probably the cleanest fundamental positive in the report.
2. Gross profit increased ~42.5%
- Six-month gross profit went from
$3.18M to
$4.53M.
3. The acquired business is producing a meaningful revenue base
- The company now has an operating technology business centered around Mingothings / MTi, providing Smart City software, SaaS, consulting, installation and maintenance services internationally.
4. The derivative liability fell dramatically
- Derivative liabilities declined from
$8.94M to
$5.40M
- That's approximately a
$3.54M reduction, or ~40%.
- This is one of the more interesting improvements in the balance sheet.
5. Net income was positive for the first six months
-
$1.53M net income versus
$1.56M in the first half of 2025.
- Q2 alone showed
$6.95M net income.
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