I found the following very telling regarding NAN FY2014 results...
Operating Revenue went up from 2013 to 2014 from 14.9m to 21.5m - a 44% increase and the cost of sales (i.e. Product costs), only went up from 6.4m to 7.6m - a 19% increase respectively.
This means that as we sell and manufacture more units, our cost of sales is decreasing - therefore GP% going up due to greater volume/ cost efficiencies from 43% to 64% - this is a massive increase in any manufacturing process and doesn't require too much more in sales @ 64% GM to cover operating expenses and bring us to break-even/ profitability.
Therefore my prediction is that we'll hit this milestone by either the next 1/4 or 1/2 announcements.
Rgds
NAN Price at posting:
92.5¢ Sentiment: Buy Disclosure: Held
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