Pureprofile says it will be more ‘agile’, but is still hampered by debt
Pureprofile’s chairman Andrew Edwards has told investors the financially troubled organisation is now more “nimble, agile, empowered, focussed and supportive”.
Despite his optimism, however, he did concede that the research, data and insights company remains inquisitive about its debt facilities and is open to exploring alternative options.
Pureprofile has had a financially difficult calendar year
In September, Pureprofile’s auditors Grant Thornton issued a warning, noting Pureprofile incurred a net loss of $14,460,042 during the year ended 30 June, 2019, and as of that date, its liabilities exceeded its assets by $20,139,244.
I hear a lot about Pureprofile in Mumbrella (and it’s financial woes), but I never hear about them in market.
Not being bitch, just a pertinent observation.
Sounds like they are, or close to [Edited under Mumbrella’s comment moderation policy]
Agility, empowerment, collaboration…….this is the sort of stuff you waffle on about when you want to draw attention away from your woeful results.
“Corporate speak”… get the book of corporate phases & string them together for a few paragraphs. Just make sure you don’t actually say anything material. Still, current investors are willing/desperate to swallow anything given the way the central banks have deliberately and methodically destroyed the concept of correctly pricing risk.