ADO 8.33% 2.2¢ anteotech ltd

AnteoTech renews AnteoBind contract with Ellume, page-52

  1. 40 Posts.
    lightbulb Created with Sketch. 16
    ADO product sales as per 2021 FY accounts were $877k
    Assume Ellume accounted for 25% of that figure = $220k
    Contract with Ellume was "renewed" at say no better or worse for either company then $220k figure remains
    Lets be pessimistic and assume Ellume given 50% reduction on price of antebind for massive volume increase then reduced to $110k for year
    As per Ellume's announcement of production capacity going from 100,000 tests per month to 19,000,000 test per month = 19 times greater volume
    Then $110k x 19 times = product sales to Ellume alone of $2,090,000
    If majority of $877k product figure sales was to Ellume and current materials selling price remains, then product sales to Ellume could be amount to approx $16.6m.

    It just depends on how optimistic or pessimistic one is with the information to hand.
 
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