If its net profit then at this stage that’s a revenue of around 48,500 per day, for a year average ,which is where they finished at the end of last quarter.
But since they made less average per day in the first Quarter will need more for the rest of the year
1st quarter avg daily rev 34,000 at 41% = 13,940 less 17161 equals neg 3221 times 91 = -293,111 negative or loss.
So would approx need 1,293,111 at least to make that 1million for the year in the next 3 quarters.
At 52,000 per day gets 378,469 profit for next Quarter,Q2
Would then need to reach approx 55,000 per day to get 490,399 per quarter for next 2 quarters equals 980,739 add the 378,469 = 1,359,256 less the 293,111 equals $1,066,156 approx.
So summing up will need around 52,000 for the next Q and 55,000 for the next 2 or 54,000 and 56,000. Depending how you roll the numbers.
So not including any fixed cost reductions along the way.
They should achieve this easily, hence mentioning the word at least 1 million.
They are playing the numbers conservatively and I expect them to be higher.
( Numbers not intended to be accurate just a rough guide)
Not investment advice, do your own research, and consult a licensed adviser
EN1 Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
