AZV 0.00% 6.5¢ azure healthcare limited

I have done some calculations and please correct me if I am...

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  1. 21 Posts.
    I have done some calculations and please correct me if I am wrong.

    Revenue FY14 31M. (25M in Australia + 6.1M from the USA). Robert Grey in his interview said that they expect the US revenue to keep doubling for the next 4 years.
    So FY15 revenue should be 25+12=37M
    FY16 37+24=49M
    FY17 25+48=73M
    FY18 25+96=121M

    We also know that for every dollar revenue 0.57c is profit.
    And if this company starts getting more revenue from software than hardware then the profit margin will be bigger.

    I know 4 years is a long way to wait but IMHO I think Robert is a smart guy (took a lost making business and made it profitable) and also very honest person (the way he is running his balance sheet - all costs are expensed) . So I have no reason to doubt his ability to deliver. However maybe my calculations are wrong.

    Happy to be corrected.

    I am a long term buyer.
 
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