At the AGM it was stated that the ARR target by end of 2021 is $100m (2018-$15m and $18.6m end of Sept quarter), this is exponential growth. If reached, it would be less than 5% market share as illustrated on page 14 of the CEO address. 5% would equate to $144m ARR.
The unknown in the near term remains the cost of sales. It was noted that costs in the second half of 2019 would be lower the first half, but no reference to 1st half 2019 costs vs 2nd half 2018. This may have been addressed at the meeting. If you have meeting details and costs were discussed it would be appreciated if you could post.
I cannot see this moving much until the market has a better handle on costs.
LVT Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
