In relation to your question: "What does booked sales orders of $4m ...direct line of sight ..now expected to be realised in the next quarter actually mean? Good question, I initially thought that they had made the sale and not yet received payment (therefore would not show on the 4C cash flow statement) but having re-read it, I now think the sale has not yet been delivered (i.e. order has been placed but goods not issued to customer so no AR asset. No idea where they got the direct line of sight stuff terminology from (I think it is just their forward order book) - just clouds the issue, but I think they are saying there will be ~$7.5M sales in H2 which by my revised calculation leads to a projected full year loss of around $3.5M. Furthermore, H1 looks like being a loss of a little over $4M (based on a lot of assumptions), so H2 could be profitable if they can deliver on these projections.
VIV Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
