New Board Appointments, page-40

from the newsletter:
"In the last two months, Alexium has successfully won business and started selling to five new customers for various applications in the home textile market. These customers have all started to order chemistry and represent recurring revenue of approximately A$4M p.a."

Recurring $4M added in the last 2 months, that's a rate of $24M a year, that alone would be a doubling in revenue. I won't even mention FR which management expects to build up to half of AJX's revenue by the end of the financial year.

Yes this may take a while to show up in quarterly reports with scaling up and payment terms, but this is still a growing business. Don't let the current sentiment dampen logic.

Yes revenue has not increased in the last 2 quarters but you have got to look at what the margins did during the same period! It went from -6% to 25% and rising. For me this aligns with the narrative of growing sustainable revenue.