What worried me about the presentation was that they quoted 75+ revenue for FY18. I was shocked they were still using this figure considering we are on 68m as of 9months with 1 qtr to go. We expected to spend 25m next qtr which means that in order to break even for next qtr, we would at least need to hit 93m revenue for the FY18.
Additionally with them saying "revenue still highly seasonal and weighted to Q4 due to continued but lessening reliance on product sales". I'm shocked that they have used this figure. If revenue is weighted to Q4 of the FY, and we have already hit 68m, then will we hit 100m this year? or maybe 95?
Will see i guess
CNW Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held