Sales Income
Jun 20 $4.3mil
Sept 20 $1.6mil
Dec 20 $5.2mil
Mar 21 $3.0mil
Jun 21 $8.3mil
June 21 Report
Atlas Pearls is pleased to announce a positive cashflow from operations for the quarter of $4.3m.
This signifies a positive outcome for Atlas and is the result of a range of strategic changes all coming
together.
Strategic changes include;
i) the introduction of the optimal 24-month cultivation period of the pearls,
ii) an increase in the harvest quality due to process improvements at the operations level,
in particular process improvements have been made at the time of seeding, and
iii) the establishment of a multifaced distribution network to diversify the customer base
and increase pricing tension.
July to September 2021 Outlook
Key items of note for July to September 2021 are:
• A 24-month harvest schedule will continue to be supported. The Company is expecting to
harvest 240,000 pearls in the quarter but only sell 50,000 pearls. This reflects the time delay
of bringing the harvests to market.
• The Company will remain focused on operational process improvements to ensure harvest
quality is maximised and on the diversification into different distribution networks.
• The online platform will continue to support the sale of pearls in a transparent and timely
way as they become available.
• Private sales will continue to maintain client relationships.
• The Company’s latest harvest from Alor is currently available online.
• The next online sales events are;
o Matched Goods auction mid August 2021, and
o Online auction 14-15 September 2021.
Share price has continued to run
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