I hold quite a few LVT shares, and they are obviously growing revenue quite strongly.
However, the following statement in this update / 4C is a little concerning:
"For the June 2018 quarter, the Company expects gross operating expenses will be approximately $10.5 million, including approximately $3.2 million relating to the sales and marketing execution and consultancy services provided by N3".
I knew that the expenses would crank up due to the N3 agreement, but they are going to need some serious revenue to hit break even with gross operating expenses at those levels?
Anybody have any thoughts on this?
LVT Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held