The total for Cy2019 was approx $34m ( with approx 3/4 seasonally expected in the final quarter) and you are expecting $15m this quarter to be on par when the world is in the middle of a global shutdown. !!!! Supply was disrupted in Jan as China closed down and then demand was effected by a global shut down. Share price adjusted from 3.8c to 1c.
If you were to use Jan-Mar 19 numbers as comparison then $1.6m revenue is on par basis the share price. IE $11m revenues when market cap was 8c or approx $160m market cap. Now at 1/7th of that market cap the revenues for par would be $1.5m....
However, there is no point using March 19 quarter revenue numbers as they were made on unprofitable deals and bundles which caused the burn for the quarter to be over $3m.
Announcement of the $3.8m order was made on 1 April.
Ann: $2.4m in COVID Subsidies Applied For, page-36
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