By my calculations they have about $20m in revenues to be received by June 30 this year. They have already stated that most of the work will be completed and payed for this FY.
So I expect $8m to $10m of that to be received this quarter and then $10m to $12m to be received in the June quarter.
If operating expenses stay below that $4m area as expected I see some bumper quarters ahead imo.
Market is missing this one. Dyor
WSI Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held