McGrathmaggedon posts another $2.5m loss

By Leith van Onselen

McGrath Limited has released its FH19 results, which delivered an 18% crash in revenue and a EBITDA loss of $2.5 million:

McGrath operates primarily out of Sydney, where both prices and volumes are crashing:

Accordingly, its share price has collapsed around 88% since it floated:

Surely it is now one of the great IPO failures of Australian history. Perhaps not the Dot Bomb as yet but it’s not over either…