I am becoming increasingly skeptical that the supposed $9.8m revenue number for this year will be hit.
i know that was from a broker report, not from the company, but the company paid the broker from their report and they posted it on their website for some reason! I can’t understand why they would do that if it was wildly inaccurate, which I am thinking is the case.
presumably conversations with management were the basis of the $9.8m projection, but I can’t see it happening this year, based on the numbers in the half yearly and the current $2.4m contract visibility for this year. I think full year revenue will be around $2.5 million.
WHK Fundamentals, page-69
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