Ann: Appendix 3B & S708A notice, page-75

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02/04/19

20:37

Post #: 37968978
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Originally posted by Minrose: ↑

In my half full glass, I am very optimistic with their revenue target. In the late February announcement,The company reiterated that:

“We are excited with our progress and are positioned for record revenue in the third quarter of the current fiscal year 2019. As such, we reiterate that the Company remains on track to deliver revenue in FY19 in the range of US$10.5 million to US$11.5 million.""this funding piece is part of the solution in enabling the Company to operate profitably during the fourth quarter of FY19."More importantly,"our current revenue run rate is underpinned by key contracts with major customers and is also diversified with over 40 customers worldwide. "

Then in the annoucement on 08/03/2019, it is told that "as our continued delivery of record revenue quarters has drives.......""The company is on pace to deliver 10.5m to 11.5 m revenue in the year ending 30 June 2019"

Taking into account of the track record for forecasting after Ralph took the helm, projection on the short time range and the landed contracts which two of very important kick start in this year,I am much confident that the target is reachable.

While every forecast has its endogenous risks,at this stage I personally hold the view the risk is very minimal.

Expand

Also one other note; Margins are expanding from 40% to 60% in FY 19-20.

SE1 Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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Ann: Appendix 3B & S708A notice, page-75

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