They did revenue of $3.8m in Q1, and now $4.6m in Q2, so $8.4m for H1
In H2, they have already locked in approx. $3m (USD2.25m) revenue from the second GO order.
So they should very comfortably exceed FY14's $12.6m total revenue.
While interest costs will be down in FY15, amortisation (non-cash) will be significantly up.
Notwithstanding that, the increase in revenues should result in a step up in profits, unless the GO orders have been very low margin. Will have to wait until the half year accounts are out to get a better idea of margins.
Hopefully it is management just being conservative, and keeping a lid on expectations; particularly since the business is a tough one to forecast
WRR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
