MLA for all it's past SOLID Brand name history had a real rough patch sometime ago and lost a lot of market credibility.Even now when i give blood and query what bags they're using (american)the concensus is TUTA -not there,these bags are better.Given that sometimes cheaper means better,lets get to the point.
Repeat customers are the bread and butter of any business,the sales input required is minimal.That's what we're seeing here,growth with existing customers with NEW or ADDITIONAL COMPLEMENTARY LINES. Sales last year around $10m and an ADDITIONAL $1.5m on top and only 6 months into the year---annualised growth rate around 30%
Getting into TRAINING HOSPITALS is also getting into free familiarity with those on training courses.
The sales to UK hospital trust,is the start of bigger things.The english are renowned for sticking with OLD TRIED AND TRUE until the factory making them closes,so our offering must have been impressive.
Aussies becoming sewn up and our product is spreading thru the medical community,becoming STANDARD AND EXPECTED to be available for use by professionals by the look of it.Ambulance contracts readily being added,where speed of equipment deployment is so important along with robustness of product.
Hopefully the ordering side includes a steady 10%-20% increase in volumes of bulky goods to that actually ordered,so they start holding some onsite stock,to meet short notice orders and don't have to use so much airfrieght as they have had to which has hampered keeping margins up and allow greater use of cheaper seafreight.
DYOR+DYODD imagine good buying when around 1.2c reflecting the 20% growth from last year.
MLA Price at posting:
16.0¢ Sentiment: None Disclosure: Held