From the announcement :- my comments in bold and I am still in the dark to some extent. With due respect - and keeping things as simple as possible -which is a challenge ???
'To clarify information provided in yesterday’s announcement, first sales of BioCool™ products began in earnest in April 2021 and already accounted for approximately 48% of Alexium’s revenue streams from the mattress market segment by July 2021'.
4-months accounted for 48% of AJX's revenue 'streams' from mattress market - for the past 12 months ????
So assuming (?) 'For perspective on the value of this business, the mattress market segment as a whole contributed US$5.3M of FY2021 revenue (both textile and foam applications).' -then a back of envelope calc., -$5,300,000 pa - so 48% of $5,300,000 = $2,544,000 in just 4 months or 1/3rd of the year -so $2,544,000 x 3 = $7,632,000 pa.. or a 44% pa increase . -Please correct me - done quickly
In the conversion of our customers to BioCool™ products, these sales are to new and established business though the Company does not have insight into the exact end-use for its customers.
-Wonder how many new -established businesses -That would have been reasonable simple to advise and helpful IMHO
AJX Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
