Ann: Response to ASX Query, page-18

From Edison 28/4/23

The company's revenue declined from A$1.4m in 06/21 to A$0.8m in 06/22, but it is estimated to increase to A$1.7m in 06/23 and further to A$5.9m in 06/24. positive

The company has had negative EBITDA for all the years, indicating operational losses, but these losses are decreasing over time from A$-8.4m in 06/21 to an estimated A$-1.1m in 06/24. positive

For "Earnings Per Share". It also remains negative throughout the years, indicating that the company's shareholders are not earning any returns. But the losses per share are reducing over time. positive.

The price-to-revenue ratio is used to determine a company's value by comparing its current share price to its revenue. A lower ratio indicates that the company is undervalued. The ratio was high in 06/22 (44.3x) when the revenue was low and decreased as revenue increased. This might be a positive sign if the revenue estimates for future years are accurate. positive

The company is in a loss-making position, but the losses are reducing over time. The company's revenue is also projected to increase significantly in the next two years. It appears that the market expects the company's financial situation to improve, as indicated by the decreasing P/revenue ratio. However, as the company has not yet made a profit, the P/E ratio is not applicable.

Sentiment= Bullish and investors could look at the current decline in the share price to be a buying opportunity. IMHO. (Rome wasn't built in a day) Although Alcp and paddy-0 think it was..