Agree that it would have been good to include revenue impacted by this.
Following the Q2 report I did some calculations on OEM, Clements and Tuta revenue based on the revenue and rates of growth/decline. For example, Clements sales were down 21.8% in Q2 FY2017 versus Q2 FY2016. Based on this we can estimate figures as shown below -
Tuta growth for Q1 to Q2 FY2017 wasn’t given so I have assumed steady sales between those two quarters.
Based on this the company is looking in the vicinity of a $2M+ annual loss in revenue with exiting the OEM business.
MLA Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
