Based on last 4c I would say they are already there. You need to remember these accounts have 2017Q1 restructuring costs included, so based on this they have ready baked in a 20% cost reduction from 2017 to 2018, H2 Costs were $3.4m -v- $6.3m H1. June 17 revenue was $188k which annualized run rate exceeds 130% YoY revenue growth. From this point (June) they need to grow revenue YoY by 168% to achieve FY18 break-even, that is equivalent to a monthly growth rate of 10%.
RNT Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held
