Steady as she goes ... not shooting the lights out but seems to me like good, steady growth.
I estimate RDF would need $30M in 2Q revenue to breakeven for the half (they achieved $27M 1Q). I’d guess that would be a stretch but at these steady rates of growth, should get there over full year tho. Likely need a major contract win (TCV $20M+) to lift the SP back to 60c before then.
My sentiment is ‘buy’ but I’m happy holding as I’m already above my target weight.
