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Audioboom takes the piss with misleading trading statement

By Tom Winnifrith | Wednesday 14 April 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Stuart Last, CEO of Audioboom (BOOM), said today that “Q1 2021 was a breakthrough period” as he yakked on about record sales and a maiden EBITDA but when you deep dive into the numbers, you find that Last is clearly taking the piss. Let’s start with vanity, that is to say sales.

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