- Buddy Technologies (BUD) has revealed its first earnings-positive quarter despite the impact of COVID-19 restrictions and supply chain disruptions
- Consolidated revenues were also higher in the quarter at $9.5 million compared to $7.9 million in the prior corresponding period
- Buddy built momentum over the quarter, reporting a 30 per cent month-on-month increase in consolidated revenue for September to $2.6M
- EBITDA for September was $510,000, a record for the company and much higher than the $514,000 loss recorded in the previous month
- CEO David McLauchlan said the company’s results have particularly buoyed by strong demand for its LIFX and Buddy Ohm products
- Shares closed 1.6 per cent lower, worth 6.2 cents
