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Ann: EN1 Market Update 323% Revenue Growth in Q1, page-44

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Ghp1

430 Posts.

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24/04/19

01:58

Post #: 38244589
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Originally posted by BWinter ↑

Thanks for the explanation, now see that cost of sales is proportional to revenue and Gross margin is around 41%. What I don't understand is why you think costs are going to be so low ($6.3M). Here is an extract from last year's Annual report.

If I strip out Depreciation and Amortisation and Impairment losses, last year's costs were more like $12.7M. Is there another announcement where they forecast 2019 costs to be significantly lower than 2018?

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375,000 US now about 528,000 AU current exchange now varies allot so using 522,000 is within reason. A week or two ago

Break even might be 42,300 now. Based on 528,000Au.

Not investment advice, do your own research, and consult a licensed adviser

EN1 Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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