Let's not get too far ahead of ourselves.
HALF YEAR LOSS A$ 1.432 MILLION
H1 REVENUE ROSE 358 PERCENT TO A$ 1.112 MILLION
Banging on about the massive increase in % revenue is like celebrating because a company share price has increased from 0.001c to 0.003c. Revenue of $1.1M for this company is well below what it should be. What happens when the current $4.2M defence contract expires in June??
I'll say it again.....unless AR9 secures new significant revenue(not just millions but tens of millions) it will struggle long term. Management have a lot of work to do. I am a shareholder too and want it to succeed and while I could "talk it up" I need to be pragmatic and look at the absolute numbers rather than %'s.
Call this negative if you like.........but reality is reality. They need much more revenue if they are to succeed long term - at least $5M by June.
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3 | 152500 | 0.069 |
1 | 10000 | 0.068 |
1 | 10000 | 0.065 |
1 | 60373 | 0.060 |
Price($) | Vol. | No. |
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0.074 | 9202 | 1 |
0.080 | 298818 | 5 |
0.083 | 24240 | 1 |
0.085 | 14776 | 2 |
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