In FY14, ZinClear sales were under $2M and falling fast. Unreal to think that just six years later, they expect to do a whooping $28M in ZinClear sales. What a turnaround. It makes you wonder what sort of volume they are going to be doing in FY21? The mind boggles!
Will they actually do $28M in FY20? They predicted $10.5M in ZinClear sales for FY19 and delivered just over $11M. They seem to be good at estimating ZinClear sales.
Well done Geoff, Lev & Rade. A remarkable achievement for FY19. I am looking forward to seeing $15M in revenue for the first half of FY20.
If we pull $30M in revenue for FY20, you would have to be thinking somewhere between $10M and $12M in profit?
I can see why the auditors directed them to write on all the tax losses. This is going to be one profitable company going forward!
ANO Price at posting:
$4.57 Sentiment: Buy Disclosure: Held
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