Business
Bubs (ASX:BUB) share price tumbles lower on sales drop and cash burn – Motley Fool Australia
The Bubs Australia Ltd (ASX:BUB) share price is dropping lower on Friday after the release of its first quarter update…
The Bubs Australia Ltd(ASX: BUB) share price has come under pressure on Friday following the release of its first quarter update.
At the time of writing, the infant formula and baby food products company’s shares are down over 2% to 69.5 cents.
How did Bubs perform in the first quarter?
Bubs has had a difficult start to the new financial year and reported a sizeable decline in revenue during the first quarter.
For the three months ended 30 September, Bubs delivered gross revenue of $9.4 million….
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