New hires often like to sweep the decks after they start so the statutory profit might look a little rough but hopefully the underlying result shows a pulse!
Then surely there would have to be some good news to also come out, new acquisitions update, new contracts, opportunities in Asia or the US?
The outlook below from Feb was pretty vague so you would assume they are still within those parameters. A statement from the company refining their full year position might help to provide more clarification and confidence
FY17
Outlook
•
Forecast FY2017 revenue of $9M to
$14M
•
$4.6
M expected to come from already
contracted recurring revenue
•
$4.0M expected to come from
customers that have concluded trials
•
Up to $5.0M to come from new
customers already under various
stages of business development
•
Contracted Annual Recurring Revenue
expected to grow to $8M when current
large scale projects implementations
are complete
•
FY2017 total expenses forecast
between $15M to $16M
How bad could it be.......?, page-2
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