Here is why I think so. We've been told of the following new sales in CY 2021 (Q'ly amounts in $m AUD) * Walmart 1.1 * Nouriz 0.14 * NZ Foodstuff 0.81 * Undisclosed China sale 1.0 (see announcement below*)
So, I was expecting to see $.3.0m more in revenue in Q2 than Q1, which was $13.4m, i.e. about $16.5m. KTD reported only $15m, well short of expectations, and that excludes Coles and Theland.
*Through the quarter, the business recruited an additional senior sales representative who has secured new international sales to China with opening orders of approximately $2m to be invoiced through Q2 and Q3 FY22, in addition to advanced and ongoing discussions with other potential new customers.
