AJX in Transition, page-23

"How could they have revenue 5 million in a qtr to end up with 300k profit something is serriously wrong totally rediculous and needs to be sorted maybe a new CEO."

You mention it is a 300k profit , are you getting that confused with a 300k positive cashflow ?
Understandable if you are confused as Aaron had to subtly correct Gavin on that in the webcast .

The list of companies Taureen7 graciously provided had a couple on there that had decent sales but if one checks them out deeper were running at a loss ie ASH and OMN , with OMN they would have reported a small profit but had tax liabilities from previously they had to pay for so underlying profit but a statutory loss any way not unusual for companies to have decent sales but to run a loss .

Looks like though the other companies were reporting an after tax profit equivalent to around 7% of sales.
SO to get to a fundamental basis of say a PE of 20 from sales based on current market cap of 105M for AJX then :
$A105M /20 = 5.25 M
5.25M /0.07 = A$75M in annual sales needed to justify current market cap (assuming all things being equal which they are not )

Welcome to be corrected !