Q3 Report: Rapid growth trajectory continues following strong product uptake

Bod Australia is demonstrating significant quarterly revenue growth. After achieving $536k in Q2 FY2020, this has increased by 135% to $1.257m in Q3 FY2020. Furthermore, Bod has flagged that additional binding purchase orders of $1m will be received and invoiced this quarter. Looking ahead, management have stated that they are confident that this revenue growth will continue into the current quarter. The cost base of the company is also consistent from quarter to quarter. We believe that all of the above is a very strong indicator that the company's channels to market are effective and that demand for the company's products are strong. Bod also have significant cash on hand of A$7.2m, which will help the company fund continued growth initiatives, such as leveraging their strategic partnership with H&H. One of these growth initiatives, which included the launch of 9 new products into 2,000 reputable stores including Coles, Chemist Warehouse and Priceline Pharmacies should contribute significantly to revenue growth in future reporting periods.