prelim report, page-3

MI, some interesting hints about further developments.

As for margins, I have been estimating that after revenue doubles again to about $40 million, possibly in the next 12 months, that gross profit could come in at above 60% and NPAT at about 40%. Haven't had time yet to work on these latest figures but the margins certainly already seem to be increasing solidly and my rough guesses may end up being conservative.
The unfavourable US$/A$ exchange rate did have a bit of a negative effect on revenue when transposed to A$, interesting to see that to some degree they have a natural partial hedge with a lot of their production being in US$. Looks like they have swung a lot of their total production to their US contract manufacturer.

A great start to profitability.

regards, EB