Inside Cettire's bizarre earnings call
Cettire has repeatedly been called out for a lack of transparency or accountability. The company did little to combat those claims with late results and an odd earnings call performance.
Ten minutes before its earnings call was due to begin on Thursday morning, Cettire told the ASX it had been pushed back to provide investors time to digest its full-year results.
It was just as well. The original 8:30am start time came and went and still no results had been released for anxious shareholders to review. And when Cettire did finally publish its full-year earnings they came unaudited, with Grant Thornton still trying to resolve long-running technical issues over how the company reports revenue.
When the Zoom call eventually kicked off, two hours late, the executives kept their cameras off, and investors were verbally told slide numbers to refer to. Only analysts were permitted to ask live questions.
Even for Cettire, a company that has tightly stage-managed the public appearances of executives and resisted pressure to be more transparent, it was a bizarre performance.
