Business
Investors caught out as tech darlings plummet – The Australian Financial Review
Investors in one-time tech darlings Adore Beauty, Nuix and Appen got ahead of themselves and have been caught out by changes in post-pandemic buying patterns.
Adore said revenue rose 47 per cent to $39.4 million in the March quarter compared to the prior year, with active customers rising 69 per cent year-on-year to 687,000. Tennealle OShannessy, who took over the CEO role from Morris just before the IPO, has forecast full-year growth at between 43 per cent and 47 per cent.
She provided no profit guidance, but said full-year EBITDA would reflect continued investment in marketing and people, essentially telling investors the group is prioritising top-line…
-
Business23 hours agoThese 4 ASX mining stocks are rocketing as the rare earths boom intensifies
-
General21 hours agoBunbury man Stanley J Clemons sentenced for shooting neighbour’s dog
-
Noosa News23 hours agoLung cancer researchers identify ‘breakthrough’ patterns predictive of treatment success
-
Noosa News18 hours agoRoaring jet boats to return to Victoria for first time in 15 years