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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Carma
Carma (CMA) investor relations material
Carma Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 TU earnings summary29 Oct, 2026
Executive summary
Record 2,100 units sold, up 105% YoY; revenue reached $44.3m, up 88%, and gross profit was $3.5m, up 57%.
Retail sales and reconditioning reached quarterly records; management said the business was well placed for the rest of FY2027.
Financial highlights
Revenue was a record $44.3m, up 88% YoY; gross profit was a record $3.5m, up 57% YoY, driven by higher retail unit sales.
Net cash used in operating activities was $10.2m; excluding $1.4m of inventory investment and $1.7m in payroll and superannuation timing differences, outflow was $7.2m.
Outlook and guidance
Nine Sell-to-Carma centres have capacity to support further vehicle purchasing growth; Apollo operational improvements target a step change in unit economics.
Management said it was well placed for the remainder of FY2027 as proprietary systems and AI tools are rolled out to improve efficiency and reduce third-party system costs.
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Latest events from Carma
- Revenue and gross profit surged, with FY27 outlook projecting over 80% growth and margin gains.CMA
H2 2026 - Revenue up 34% and gross profit doubled, with strong unit growth and margin expansion.CMAH1 2026
- Revenue up, gross profit improved, but net loss and going concern risks persist pending IPO.CMAH2 2025
- Net loss widened to $33.4M despite 44% revenue growth; $30M convertible notes secured.CMAH2 2024
- Net loss widened to $26.4M on $48M revenue, with cash reserves at $22.8M.CMAH2 2023
Next Carma earnings date
AGM 202613 Nov, 2026
Carma
Next Carma earnings date
AGM 202613 Nov, 2026
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